On July 31, GLONGWI | Zhongsheng United (03332.HK) announced that the company expects to record a net profit of about RMB 25 to RMB 30 million for the six months ending June 30, 2023, while a net loss of about RMB 5.2 million for the six months ending June 30, 2022.
The net profit was mainly due to the sharp increase in online and offline global sales revenue in the six months ended June 30, 2023.