Gelonghui, January 26 | Antarctic E-Commerce (002127.SZ) announced its 2023 annual performance forecast. Net profit attributable to shareholders of listed companies during the reporting period was 90 million yuan to 120 million yuan, loss of 298.262 million yuan for the same period last year; net profit of 50 million yuan to 80 million yuan after deducting non-recurring profit and loss, loss of 35,3914,600 yuan for the same period last year; basic earnings per share were 0.0382 yuan/share — 0.0509 yuan/share.

In 2023, the company closely focused on strategic transformation goals, continued to optimize business strategies, seize opportunities, continuously optimize the cost structure, and improve business quality. The headquarters successfully achieved the transformation and upgrading of strategic licensing, fashion licensing and self-operated retail, and Beijing Time Internet Technology Co., Ltd. (hereinafter referred to as “Time Interconnection”) developed steadily. During the reporting period, the company turned a loss into a profit. The main reasons are as follows:

1. In the same period last year, the goodwill generated by the acquisition of the subsidiary TimeNet was prepared for impairment of 456 million yuan. However, the overall operating conditions of TimeConnect in the current period were in line with expectations, and there were no signs of further impairment.

2. Some of the company's core categories of Antarctic brands have changed from the original brand licensing and comprehensive service business model to a self-operated model. In order to maintain the continuous development and steady transformation of the supply chain ecosystem, the company gave customers a certain transition period for business transformation, which led to a certain degree of decline in the integrated brand service business over the same period last year.

At present, various business segments are progressing steadily according to established plans, and the fashion licensing business is growing steadily; core customers in the strategic licensing business signed good contracts in the fourth quarter, and advance payments have increased dramatically compared to the same period last year; the company's own projects have been substantially carried out, and R&D and production are progressing steadily.