On January 29, GLONGHUI | Mingchen Health (002919.SZ) announced that net profit for 2023 is expected to be 70 million yuan to 10 million yuan, up 176.35%-294.79% over the same period last year, after deducting non-net profit of 65 million yuan to 95 million yuan, reversing losses from the previous year.

Based on the principle of prudence, the company made a preliminary assessment and estimate of the goodwill formed from the acquisition of Hangzhou Thunder Network Technology Co., Ltd.; at the same time, the company made a preliminary assessment and estimate of the intangible assets formed by the purchase project of Kashi Arcane Network Technology Co., Ltd. After initial communication with third party assessments and auditors, it is estimated that goodwill impairment preparations and intangible asset amortization will total about $63 million to $68 million for the above two reporting periods.