Gelonghui, January 22丨Hongmian Co., Ltd. (000523.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 53.5 million yuan to 80 million yuan, a loss of 716.13,300 yuan for the same period of the previous year (before restructuring), and a loss of 48.1563 million yuan for the same period last year (after restructuring); net profit of 30 million yuan to 45 million yuan for the same period last year (before restructuring).) For losses: RMB 72.7644 million; basic earnings per share were 0.03 yuan/share — 0.05 yuan/share.
In August 2023, the company completed the asset exchange procedure with the controlling shareholder Guangzhou Light Industry & Trade Group Co., Ltd., stopped operating the daily chemical business, and transformed into a food, beverage and cultural and creative industrial park development and operation. The company's 2023 results turned a loss into a profit. The main reasons for the changes in operating performance are as follows:
1. During the reporting period, the overall development of the company's food and beverage sector was steady. In the beverage business, the company adopted a number of measures to enhance the production and quality control capabilities of the company's beverage products, focus on expanding brand influence, continue to deepen innovation in products and markets, and broaden sales channels. Sales revenue increased by a certain margin compared to last year.
2. During the reporting period, Guangzhou Xinshicheng Enterprise Development Co., Ltd., a subsidiary newly included in the scope of the merger, focused on brand building, speeding up park construction, optimizing park supporting services, and improving operation management. Rental revenue increased significantly compared to the same period last year.
3. According to the relevant provisions of “Enterprise Accounting Standard No. 20 - Enterprise Merger” and “Enterprise Accounting Standard No. 33 - Consolidated Financial Statement” on mergers of enterprises under the same control, after the company's assets are replaced, the 2023 fiscal year will still include data from before the shares of the subsidiary in the household chemicals sector from January to August 2023, and the household chemicals sector will still lose money from January to August 2023.
4. During the reporting period, the company expected non-recurring profit and loss to be between 23 million and 35 million, mainly due to corporate investor claims and other litigation cases and asset restructuring matters.