Gelonghui January 30th 丨Dongbai Group (600693.SH) announced that according to preliminary estimates, the company expects to achieve net profit attributable to shareholders of listed companies in 2022 of 19 million yuan to 24 million yuan, a year-on-year decrease of 80.87% to 84.85%.

The net profit achieved by the company after deducting non-recurring profit and loss attributable to shareholders of listed companies in 2022 was 28 million yuan to 35 million yuan, a year-on-year decrease of 3.01% to 22.41%.

During the reporting period, due to repeated effects of the COVID-19 pandemic, the domestic consumer market was impacted. The company's commercial retail, hotel and catering businesses were under pressure, and operating store sales and passenger traffic were all affected to varying degrees. Coupled with the adjustment of the operation of the Caitang store in Dongbaicheng, the company is expected to achieve operating income of 1,676 million yuan in 2022, a decrease of 218 million yuan from the previous period, and a corresponding decrease in net profit.

During the reporting period, the company's equity investment income from the company's transfer of warehousing and logistics project companies increased compared to the previous period; in addition, some warehousing and logistics projects were completed during the reporting period. Interest expenses were included in current profit and loss according to accounting standards, and financial expenses increased compared to the previous period.

During the reporting period, non-recurring profit and loss is expected to decrease by 97 million yuan compared to the previous period. This is mainly due to the company's investment real estate using a fair value model for subsequent measurement, and profit and loss from changes in fair value decreased compared to the previous period.