Summary by Futu AI
Xiangfeng Group (stock code: 2473) issued a positive earnings forecast on March 7, 2024, which expects to record an owner-receivable profit of no less than RMB 103 million for the year ended December 31, 2023, an increase of more than 30.5% over the previous fiscal year. The gains were primarily due to increased sales and marketing efforts following the recovery of COVID-19, the opening of new own sales outlets and the increase in common stock authorized value gains with redemption rights. However, increases in listing expenses, financing costs and options expenses also offset some of the gains. THE BOARD NOTES THAT THIS ANNOUNCEMENT IS BASED ON UNAUDITED CONSOLIDATED MANAGEMENT ACCOUNTS AND PRELIMINARY ASSESSMENTS AND REMINDS SHAREHOLDERS AND POTENTIAL INVESTORS TO NOTE THAT THE ANNUAL RESULTS ANNOUNCEMENT WILL BE RELEASED BEFORE THE END OF MARCH 2024, AND ACTUAL RESULTS MAY DIFFER FROM THOSE ANTICIPATED.