Zitong Financial App News, Xinxing Printing (01975) announced that compared with the profit made by the Group last year, it is expected that the profit for the year ended June 30, 2023 will be reduced by not less than 30%, mainly due to the following factors:
The decrease in revenue was mainly due to customers adopting a more conservative consumption pattern to reduce consumption on printing and marketing products due to concerns about slowing global economic growth and high inflation; and other increases in operating expenses are due to the scrapping of a batch of properties, plants and equipment located in factories in the people's Republic of China.