Tongfang Youyou (01868) announced that the group's profit in 2023 is expected to decrease by more than about the previous fiscal year...
Zhitong Finance App News, Tongfang Youyou (01868) announced that the group's profit in 2023 is expected to decrease by more than 40% compared to the previous fiscal year.
According to the announcement, the expected decrease in profit is mainly due to the increase in sales and distribution expenses compared to the previous fiscal year due to inflation, exchange rate fluctuations, and increased expenses related to promoting new products and increasing the construction of high-margin channels; and the increase in administrative expenses compared to the previous fiscal year due to increased US inflation, exchange rate changes and provisions.