Xingfa Aluminum (00098) issued an announcement. The Group expects the year ended December 31, 2023 (2023...
According to the Zhitong Finance App, Xingfa Aluminum (00098) issued an announcement. The Group expects the net profit of shareholders who obtained the company's equity for the year ended December 31, 2023 (fiscal year 2023) to be no less than RMB 780 million, while the net profit attributable to shareholders who obtained the company's equity for the year ended December 31, 2022 is approximately RMB 457.8 million.
According to the announcement, the expected increase in net profit is mainly due to a decrease in the Group's impairment losses on transactions and other accounts receivable in FY2023 and an increase in sales orders in FY2023.