Profit warning at the time of profit (06838.HK): Comprehensive net profit is expected to fall by about 43% in 2023

Gelonghui Finance ·  Feb 7 03:44

On February 7 | Profit Time (06838.HK), Gelonghui announced that for the year ended December 31, 2023, the Group expects the consolidated net profit recorded this year to fall by about 43% compared to HK$112 million for the year ended 31 December 2022. The main reasons for the estimated profit decline in the current year include: (1) a decline in sales due to weak global demand for luxury goods, smartphones and smart wearables; (2) a reduction in government subsidies; and (3) the absence of surrender income of HK$3.169,000 from major personnel life insurance policies in the same period last year.

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