Zhitong Finance App News, Greentown Services (02869) issued an announcement. For the year ended December 31, 2023 (relevant period), based on changes in the market environment, after careful consideration, the company decided to increase asset impairment provisions such as financial instruments and other assets in the Group's consolidated financial statements, which mainly included unrealized losses relating to the company's holdings of China CVS Holdings Limited and convertible bonds issued by China CVS Holdings Limited (related impairment) Provision), totaling approximately RMB 150 million.
Despite the increase in the relevant impairment provisions mentioned above, according to the Group's unaudited comprehensive management accounts and preliminary review of currently available data, it is expected that during the relevant period: (1) the company's unaudited revenue will increase by about 17% compared to 2022; (2) the company's unaudited core operating profit will increase by about 32% compared to 2022, mainly due to the Group's continuous strengthening of cost control and implementing a series of quality and efficiency measures, which contributed to the continuous improvement of the profitability of the Group's main business; and (3) the profit attributable to the Company's unaudited equity shareholders increased by about 10% compared to 2022. The expected growth rate of profit attributable to the company's unaudited equity shareholders during the relevant period was lower than the expected growth rate of unaudited core operating profit. The main reason was the increase in the relevant impairment provisions mentioned above.
The Group will continue to improve and enhance the operating efficiency of its main business and strive to repay all shareholders. Based on the Group's continued steady and sound financial and operating conditions, the Board is confident that the Group will continue to grow steadily in the future.