On January 26, Gelonghui Co., Ltd. (600389.SH) announced that according to preliminary estimates by the finance department, net profit attributable to shareholders of listed companies is expected to be RMB 280 million to RMB 310 million in 2023, a decrease of 1534,424,500 yuan to RMB 156,4.24,500, compared with the same period last year, a year-on-year decrease of 83.19% to 84.82%. Net profit attributable to shareholders of listed companies after deducting non-recurring profits and losses in 2023 is estimated to be 277 million yuan to 307 million yuan, a decrease of 1,558.014,700 yuan to 158,014,700 yuan compared with the same period last year, a year-on-year decrease of 83.54% to 85.15%.
Affected by macroeconomic and market supply and demand changes, market sentiment for some products declined markedly during the reporting period. Market prices continued to be low, sales also declined year-on-year, and profit levels declined significantly compared to the same period.