According to the Zhitong Finance App, Senhao Group (08285) issued an announcement. Management expects that compared with the audited net loss of RMB 17.1 million for the year ended December 31, 2022, the net loss will be no less than RMB 3.1 million for the year ended December 31, 2023.

According to the announcement, the reduction in net losses was mainly affected by a combination of the following factors: the resumption of sales of women's handbags, luggage and travel goods as planned after the coronavirus ended; the increase in sales and distribution costs to a lower level by controlling marketing costs; and administrative and other operating expenses were controlled under strict cost control measures.