According to the Zhitong Finance App, H&H International Holdings (01112) issued an announcement. As disclosed in the fourth quarter update announcement, it is expected that the Group's adjusted comparable net profit for the year ended December 31, 2023 will increase in units compared to 2022. Based on a preliminary review of the Group's latest unaudited comprehensive management accounts for the year ended December 31, 2023, the Company further informs shareholders and investors that it is expected that the Group's adjusted comparable net profit for the year ended December 31, 2023 will increase by between 2% and 9% compared to 2022, while the reported net profit is expected to decrease by 2% to 9%.
As far as the Group's liquidity situation is concerned, the company is pleased to announce that from January 1, 2024 to March 15, 2024, the Group has obtained a total credit line of RMB 1.39 billion to continuously optimize its capital structure. As of the date of this announcement, no express legally binding agreement on credit lines will necessarily be concluded. The line of credit may not be implemented or fully implemented. The company will continue to explore opportunities to reduce the company's financing costs and optimize its capital structure.