Xinfengming expected to turn from loss to profit in 2023

Xinfengming Group Co., Ltd. said in the "2023 annual earnings announcement" that:

The company's operating results in 2023 are in line with the circumstances in which notice should be given in Article 5.1.1 of the rules on Stock listing on the Shanghai Stock Exchange. "(2) The net profit shall be turned from loss to profit."

The company expects to achieve a net profit of 1.03 billion yuan to 1.13 billion yuan belonging to the owner of the parent company in 2023, which will turn a loss into a profit compared with the same period last year.

The company expects to achieve a net profit of 850 million yuan to 950 million yuan after deducting non-recurring profits and losses belonging to the owner of the parent company in 2023.