Weili Holdings (02372) announced that the Group expects to achieve net results for the year ended December 31, 2023...
According to the Zhitong Finance App, Weili Holdings (02372) announced that the group expects a net loss of approximately RMB 2 million to approximately RMB 5 million for the year ended December 31, 2023, and a net profit of approximately RMB 25 million for the year ended December 31, 2022.
For the year ended 31 December 2023, several of the Group's major customers temporarily reduced orders for transfer paper and composite paper from the Group. The director believes that the main reason for the temporary decline in orders is the National Tobacco Monopoly Administration's revision of the cigarette packaging policy (that is, printing QR codes on all cigarette packages). As a result, compared to net profit for the year ended 31 December 2022, the Group achieved a decrease in revenue and net loss for the year ended 31 December 2023.