Gelonghui, January 18, 丨 Limin Industrial (00229.HK) announced that for the year ended December 31, 2023, the Group expects the recorded unaudited net profit to increase by about 129% compared to the audited net profit for the year ended December 31, 2022.
The Board believes that the increase in the Group's unaudited net profit during the year was mainly due to improved sales, increased gross margin, and control of operating expenses. Sales are growing in the Group's main markets, Asia (including Japan and China) and Latin America.