Glonghui, March 15, 丨 First Value Industrial Finance (00730.HK) announced that the Group is expected to record profit attributable to company holders of not less than HK$29 million for the fiscal year up to fiscal year 2023, while the profit attributable to company holders is approximately HK$14.5 million, an increase of not less than 100% compared to the year ended 31 December 2022.
The sharp increase in profit attributable to company holders recorded in fiscal year 2023 is mainly due to (i) the successful transformation of the supply chain management business segment and the successful launch of Shougang's supply chain finance platform at the end of 2022, (ii) the continued expansion of the C-side consumer leasing business, and (iii) an increase in other revenue from related parties.