According to Zhitong Finance App News, Dongbai Group (600693.SH) announced that the company expects to achieve net profit attributable to shareholders of listed companies of 31 million yuan to 40 million yuan in 2023, an increase of 42.32% to 83.64% over the previous year.

During the reporting period, with the recovery of the retail consumer market, the company's commercial retail, hotel and catering businesses gradually improved, and sales and customer traffic at operating stores returned to normal. In 2023, the company expects to achieve revenue of 1,887 million yuan, an increase of 216 million yuan over the previous period, an increase of 12.93% over the previous period. Furthermore, by optimizing the organizational structure and improving internal operating capabilities, the company continued to improve its operating performance. At the same time, project costs were reduced in accordance with the final results of the Lanzhou International Trade and Trade Center project turnkey lawsuit, and the net profit achieved increased accordingly. During the reporting period, the company's return on the company's equity investment in warehousing and logistics projects decreased compared to the previous period; some warehousing and logistics projects and part of the commercial real estate project were completed during the reporting period. Interest expenses were included in current profit and loss according to accounting standards, and financial expenses increased compared to the previous period.