Chaikosheng Technology Co., Ltd. (“Chaikisheng Technology”) announces that its unaudited consolidated management accounts for the year ended December 31, 2023 show that the company's total revenue is expected to reach RMB3,270 million to RMB3,410 million, an increase of approximately 17% to 22% year-on-year. Net profit is expected to reach RMB750 million to $810 million, a significant year-on-year increase of approximately 161% to 182%, and owner-occupier profit is expected to reach RMB500 million to US$560 million, a year-on-year increase of approximately 285% to 331%. In addition, adjusted EBITDA is expected to reach RMB670 million to $730 million, an increase of approximately 79% to 95% year-on-year. These expected increases are mainly attributable to the Company's expansion into the Middle and Northeast non-markets, the rapid growth of new...Show More

Chaikosheng Technology Co., Ltd. (“Chaikisheng Technology”) announces that its unaudited consolidated management accounts for the year ended December 31, 2023 show that the company's total revenue is expected to reach RMB3,270 million to RMB3,410 million, an increase of approximately 17% to 22% year-on-year. Net profit is expected to reach RMB750 million to $810 million, a significant year-on-year increase of approximately 161% to 182%, and owner-occupier profit is expected to reach RMB500 million to US$560 million, a year-on-year increase of approximately 285% to 331%. In addition, adjusted EBITDA is expected to reach RMB670 million to $730 million, an increase of approximately 79% to 95% year-on-year. These expected increases are mainly attributable to the Company's expansion into the Middle and Northeast non-markets, the rapid growth of new social products, and the financial statements of Metaclass Management ELP and the financial statements of its holdings in the Group's consolidated financial statements for the third quarter of 2023. The company stresses that the data has not been reviewed or reviewed by auditors and reminds shareholders and potential investors to exercise caution when buying and selling the company's securities. Akiko City Technology will announce at the end of March 2024 the actual results for the year ended 31 December 2023.