On February 8, GLONGHUI International Investment (01062.HK) issued an announcement. Compared with the profit attributable to the company owner recorded a loss of about HK$4716 million in the same period in 2022, the Group expects the profit attributable to the company owner to record a loss of no more than HK$2179 million in 2023.
Related losses are mainly due to losses in fair value valuations of financial assets that include profit and loss at fair values. The company is an investment company. Due to the nature of its business, the company's investment projects recorded significant changes in fair value in different market environments, which is a normal situation. The changes may be temporary and do not necessarily represent the final result of the relevant investment project at the time of sale or expiration. The company will continue to seek good investment opportunities. The board is confident that the company will deliver long-term sustainable returns to its shareholders.