On August 4, GLONGHUI | Hi-Tech Bridge (09963.HK) announced that the company expects to generate a comprehensive net profit of about HK$4.8 million to HK$5.2 million for the six months ending June 30, 2023, compared to the same period last year, resulting in a comprehensive net loss of about HK$3.7 million.

The directors initially believed that the Group's anticipated comprehensive net profit for the period was mainly due to the effects of the following net factors: (i) the return of accounts receivable loss provisions under the expected credit loss model; and (ii) reduced exchange losses due to exchange rate fluctuations between RMB, Thai baht, US dollars and HKD.