Gelonghui, January 29丨Mingpai Jewelry (002574.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was a profit of 150 million yuan to 220 million yuan, a loss of 162,5394 million yuan for the same period of the previous year; net profit of 65 million yuan to 95 million yuan after deducting non-recurring profit and loss, and a loss of 173,3194 million yuan for the same period last year; basic earnings per share were 0.28 yuan/share — 0.42 yuan/share.

In 2022, the company made impairment preparations for the long-term equity investment of Zhejiang Shaoxing Ruifeng Rural Commercial Bank Co., Ltd. (“Ruifeng Bank”). According to estimates, there is no need for further impairment preparations for the current period. As of December 31, 2022, Zhejiang Mingpai Carillo Jewelry Co., Ltd., a wholly-owned subsidiary of the company, held 63,941,548 shares of Ruifeng Bank. Since Ruifeng Bank's stock price fell significantly in 2022, the long-term equity investment showed signs of impairment. The impact of Ruifeng Bank's equity investment on the company's 2022 results was -146 million yuan. According to estimates, there is no need to further prepare for impairment of this long-term equity investment; at the same time, the company refers to Ruifeng Bank's performance data for the first three quarters of 2023 and is estimated Long-term equity investment accounts for the current profit and loss amount of about 70 million yuan according to the equity method, and the overall impact amount is about 216 million yuan.

During the reporting period, the company continued to be deeply involved in the jewelry business and achieved positive results. The main business revenue increased, gross margin increased, and profits increased significantly.