Xiangcai Co., Ltd. announced on the evening of January 26 that the company expects to achieve net profit of 110 million yuan to 140 million yuan in 2023 belonging to the owner of the parent company. Compared with the same period last year, it will turn a loss into a profit. In 2023, the company's subsidiary, Xiangcai Securities Co., Ltd. developed steadily in various businesses such as brokerage business, credit trading, and asset management. The operating performance of its own business, investment banks and their subsidiaries increased significantly compared to the previous year, leading to an increase in the company's net profit. The company's participation in the company Dazhihui (601519) increased net profit in 2023 due to confirmation of litigation compensation revenue, and the company confirmed investment income according to the shareholding ratio in accordance with the equity law, which led to an increase in the company's net profit. The company's industrial sector reduced losses compared to the previous year.