Xianjian Technology (01302) announced that the Group's net profit for the year ended December 31, 2023 is expected to be 2...
Zhitong Finance App News, Xianjian Technology (01302) announced that the Group's net profit for the year ended December 31, 2023 is expected to drop significantly compared to the same period in 2022. The decrease in net profit expectations is mainly due to the completion of Series B strategic financing by Yuanxin Technology (Shenzhen) Co., Ltd. (Yuanxin Technology), a subsidiary of the Group, during the year, resulting in an increase in fair value losses of about RMB 206 million in financial liabilities; an increase of approximately RMB 57.1 million in share-based payment expenses related to Yuanxin Technology's employee shareholding platform; and a decrease in net exchange earnings of approximately RMB 46.3 million.