On January 26, Ge Longhui (002286.SZ) announced its 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 52 million yuan to 56 million yuan, down 57.95%-60.95% from the same period last year; net profit profit after deducting non-recurring profit and loss was 33 million yuan to 37 million yuan, down 70.18% to 73.40% over the same period last year; basic earnings per share were 0.1,402 yuan/share — 0.1510 yuan/share.

The main reason for the change in performance is that erythritol was affected by a temporary decline in market demand and increased competition in the same industry. Sales volume and prices declined to a certain extent. Prices of raw and auxiliary materials such as corn and white sugar were not transmitted downstream in a timely manner, leading to a decline in gross margin for some products, and high trial production costs for flexible transformation of some production lines, which led to a decline in the company's performance.