Elegant Life Services (03319) fell by more than 10% after the announcement. As of press release, it fell 9.97% to HK$3.43, with a turnover of HK$51.7026 million.
The Zhitong Finance App learned that Ya Life Service (03319) fell more than 10% after the announcement. As of press release, it had a decrease of 9.97% to HK$3.43, with a turnover of HK$51.7026 million.
According to the news, Ya Life Service is making a profit. The net profit for 2023 is estimated to be about 320 million to 500 million yuan, a year-on-year decrease of 73% to 83%. According to the announcement, the net operating cash flow inflow is expected to be about 900 million yuan during the year, increasing significantly from year to year to achieve positive operating cash flow.
According to the company, the decline in profit was mainly due to business restructuring, a decrease in the share of revenue and profit of epitaxial value-added services, an increase in the share of non-cyclical business and a rise in related costs; accruing impairment provisions for trade receivables from related party customers of about 200 million yuan to 300 million yuan; and goodwill impairment charges of about 400 million yuan to 500 million yuan.