According to the Zhitong Finance App, New Silk Road Cultural Tourism (00472) announced that the group expects a consolidated loss of about HK$10 million to HK$20 million in the first half of 2023, compared with a consolidated loss of about HK$123 million for the same period in 2022.

According to the announcement, the main reason for the reduction in merger losses is that the property management sector, which was acquired by the Group and began merging in May, received more than HK$14 million in net profit, and there was no impairment of the Jinxiu Mountain Resort land in Jeju, South Korea in the first half of 2022 in the current period.