Gelonghui, January 31 | Huabao Co., Ltd. (300741.SZ) announced its 2023 annual results forecast. Net profit profit attributable to shareholders of listed companies during the reporting period was RMB 300,000 to RMB 44.0 million, down 39.30% — 58.62% from the same period last year; net profit profit after deducting non-recurring profit and loss was RMB 210.00 million — RMB 29.0000 million, down 45.20% — 60.32% from the same period last year.
In fiscal 2023, due to the multiple effects of factors such as changes in downstream market demand for the company's products and customers' independent flavoring, the company's product structure changed, and the level of operating income and gross margin declined, leading to a decline in net profit attributable to shareholders of listed companies.
During the reporting period, the company expects non-recurring profit and loss of about 80 to 160 million yuan, which mainly consists of government subsidies included in current profit and loss, fair value change gains and losses from financial assets held by the company, and gains and losses on disposal of illiquid assets. Among them, the amount of change in fair value of illiquid financial assets still needs to be finalized after evaluation and audit by an evaluation agency and accounting firm hired by the company.