Deutsche Bank World (02418) announced that the group expects net profit for the year ended December 31, 2023...
According to the Zhitong Finance App, Deutsche Bank World (02418) announced that the group's net profit for the year ended December 31, 2023 will be approximately RMB 147.4 million to RMB 156.2 million, a decrease of about 29% to 33% over the year ended December 31, 2022. The Group's net profit for the year ended 31 December 2022 was RMB 220 million. The main reasons for the decline in net profit expectations are:
1. The number of government subsidies received by the Group in 2023 was drastically reduced compared to 2022: in 2022, the company completed a global sale and successfully listed on the Stock Exchange, received more special government rewards, and the government subsidy was reduced in 2023;
2. The Group's credit impairment losses accrued in 2023 increased due to prudential considerations relating to individual customer operations; and
3. The settlement of funds raised in the 2022 global sale generated a lot of exchange income, and no such income was generated in 2023.