According to the Zhitong Finance App, Rexroth International (02222) announced that the Group is expected to achieve a net profit of not more than US$39 million for the year ended December 31, 2023, and a net loss of US$5.547 million for the year ended December 31, 2022 (as re-listed).
According to the announcement, the expected increase in net profit for the year ended December 31, 2023 is mainly due to the reduction in operating expenses and sales costs due to the Group's reimbursement of about 24 million US dollars of impairment losses on the equity of associated companies and effective cost control.