Ling Xiong Technology (02436) issued an announcement. The group expects the year ended December 31, 2023 (this year...
According to the Zhitong Finance App, Ling Xiong Technology (02436) announced that the group's revenue for the year ended December 31, 2023 (current year) will increase to about 1,793 billion yuan (RMB, same unit), compared to about 1,664 billion yuan for the same period in 2022. This increase is expected to be mainly due to the increase in revenue for all of the Group's service lines during the year. The Group also expects to achieve a net loss of no less than 130 million yuan this year, while net profit of about 99.9 million yuan for the same period in 2022. The expected net loss for the current year is mainly due to the lack of fair value income from financial liabilities measured at fair value and recorded as profit and loss in the current year (2022: approximately $197.7 million); and administrative expenses increased by no less than $14 million from about $86.8 million in the same period in 2022 to no less than $100.8 million this year, mainly due to increased professional expenses.
Furthermore, according to a preliminary review of the Group's operating statistics for the current year, the Group is expected to obtain an increase in the number of customers on all service lines (i.e. equipment recycling business, equipment subscription business and information technology subscription service), reaching no less than 1,850, 25,000 and 23,000 respectively this year, compared with 1,060, 17034 and 15,121 respectively in the same period of 2022. Furthermore, the Group expects the number of new customers to acquire equipment subscriptions to no less than 14,000 this year, compared to 7,908 in the same period in 2022. The Group also expects the number of device subscriptions obtained from the equipment subscription business to increase to no less than 5.7 million units this year, compared to 4.957,700 units in the same period in 2022. The Group maintains confidence in the positive trend of the Group's business development.