On March 8, GLONGHUI | TEAMWAY INTL GP (01239.HK) issued an announcement. The Group expects to record losses attributable to parent company owners for the year ended December 31, 2023, an increase of about 30% to 40% compared to losses attributable to parent company owners of about RMB 49.6 million in the previous year.
This increase in expectations is mainly due to an increase in sales costs in the second quarter of 2023 due to the high production costs of outsourcing part of production to other plants before the newly purchased production facilities are ready to be put into production.