Gelonghui, January 29丨Pinwo Foods (300892.SZ) announced its 2023 annual results forecast. Net profit loss attributable to shareholders of listed companies during the reporting period was 68 million yuan to 92 million yuan, profit of 11.038 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 76.5 million yuan to 100.5 million yuan, and profit of 354,500 yuan for the same period last year.

Net profit attributable to shareholders of listed companies is expected to be negative during the reporting period. The main reason is that the company is mainly engaged in the development, import, and sale of dairy products, beer, cereals, oils, condiments, and grains. During the reporting period, domestic consumption of dairy products etc. was weak, and market demand weakened, leading to a decline in operating income this year. The company mainly imports dairy products, beer, grain and oil products from European countries such as Germany and France. Since the outbreak of the Russian-Ukrainian conflict, the rise in energy and food prices has driven up the level of inflation in the Eurozone. Raw materials and manufacturing costs for dairy products, beer, etc. produced by the company's foreign suppliers have increased a lot, and the purchase prices of dairy products, beer and other products imported by the company in 2023 have increased significantly, leading to an increase in costs and a decrease in profits.