Gelonghui, January 29 | Huatian Hotel (000428.SZ) announced that it expects a net loss of 120 million yuan to 170 million yuan in 2023, after deducting non-net loss of 224 million yuan to 274 million yuan.

Compared with the same period of the previous year, net profit attributable to shareholders of listed companies is expected to decrease year-on-year losses. The main reasons are: first, with the rapid recovery of the domestic tourism industry, the company seized opportunities, increased management innovation, and promoted rapid performance growth. Second, the company implemented a series of measures to reduce costs and increase efficiency, and costs decreased year-on-year; third, the transfer of 11% of Loudi Huatian's shares was completed during the reporting period. The remaining shares were calculated according to the equity law, and investment income increased significantly year-on-year.