Zitong Financial App News, Light and Textile City (600790.SH) issued an announcement that the company expects to achieve a net profit of 220 million yuan to 260 million yuan attributable to the owner of the parent company in the first three quarters of 2023, down 61.94% to 67.79% from the same period last year.

The main reasons for the performance changes are as follows: 1. Non-recurring profit and loss. Shaoxing China Textile City International Logistics Center Co., Ltd., a wholly-owned subsidiary of the previous period, received compensation for housing relocation, which was included in the income from asset disposal and was not available in the current period. 2. The influence of main business. China Zheshang Bank's dividend payment was received in this period, but not in the previous period.