On January 30, Ge Longhui | Joy Zhixing (30119. SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 32.8 million yuan to 42.6 million yuan, down 35.25%-50.15% from the same period last year; net profit profit after deducting non-recurring profit and loss was 27.8 million yuan - 37.6 million yuan, down 23.19%-43.21% from the same period last year.

During the reporting period, competition in the company's downstream NEV industry intensified and product prices declined. As a result, the company's gross sales margin for the reporting period was 25.37%, down 7.04% from 32.41% in the same period last year.

During the reporting period, the scale of the company's leasing and operation services expanded rapidly, and production factors such as equipment assets, storage space, and labor personnel were concentrated in the early stages of the project. As a result, while operating income of the leasing business increased by 35.32% over the same period of the previous year, operating costs increased by 44.74% over the same period of the previous year, and gross margin decreased by 4.37% compared to the same period of the previous year.

During the reporting period, the company estimated the impact of non-recurring profit and loss on net profit was about RMB 4.45 million, down from the amount of non-recurring profit and loss of RMB 16.844 million in the same period last year, mainly due to the company receiving listing subsidies issued by the government during the same period last year.