According to the Zhitong Finance App, Shang Jin International Holdings (02528) announced that the Group expects a net loss of no more than HK$20 million in the 12 months ended 31 December 2023, compared to a net loss of HK$36.5 million for the 12 months ended 31 December 2022.

According to the announcement, the related improvement in the Group's financial performance and the expected decrease in net loss for the fiscal year ending December 31, 2023 are mainly due to the increase in sales performance and the increase in the Group's revenue after successfully controlling costs. The Group noticed that after the epidemic was mitigated, the market gradually recovered, and customer spending intentions increased, bringing a positive development trend to the Group's business. At the same time, the Group continues to carefully monitor market conditions and actively adjust business strategies and operations in response to market conditions.