Gelonghui March 24 丨Tongfang Youyou (01868.HK) announced,Total revenue from continuing operations for the year ended 31 December 2022 was approximately RMB 927 million, an increase of approximately 7.4% over the previous year. The Group recorded profit attributable to owners of the parent company of approximately RMB 48.8 million, and losses of approximately RMB 270 million for the year ended 31 December 2021, turning a loss into a profit;Common stock equity holders of the parent company should account for RMB 2.33 per share of profit.

The increase in profit was mainly due to a decrease of about RMB 160 million in impairment loss provisions for securities groups during 2022, an increase of about RMB 112 million in gross profit from continuing operations, and an increase of about RMB 15.4 million in interest income from bank deposits from continuing operations.