Gelonghui, March 19 | ZhuoerZhilian (02098.HK) announced that the board of directors expects the Group to record a net profit of not more than RMB 100 million for the year ended December 31, 2023, while a net loss of approximately RMB 3 billion for the year ended December 31, 2022.
According to the information currently obtained by the board of directors, the board believes that the main reasons for turning loss into profit are (i) the overall business performance of the Group's supply chain management and trade division continued to develop steadily with the gradual recovery of the market, leading to a slight increase in revenue; (ii) the number of new investment properties transferred to rental use increased during the year and the property value remained stable, causing the Group's investment properties to show valuation gains for the year ended 31 December 2023, while the Group recorded a loss in fair value of investment properties in the previous year; and (iii) a one-time loss on the sale of subsidiaries in the year ended 31 December 2023 There was a decrease in the year.