According to the Zhitong Finance App, Xunjie Global Holdings (00540) announced that the Group expects a net loss reduction of not less than 70% for the year ended December 31, 2023, while net loss of approximately HK$34.4 million was achieved during the same period in 2022.
The shift was mainly due to a reduction in the operating scale of the loss-making subsidiary, which recorded a net loss of approximately HK$19.4 million for the year ended 31 December 2022; and a reduction in the Group's administrative expenses and sales costs during the reporting period due to the implementation of effective cost control measures within the Group.