According to the Zhitong Finance App, Huaibei Green Gold Co., Ltd. (02450) issued an announcement. It is expected that the profit attributable to the company's equity shareholders for the year ended December 31, 2023 will be reduced by about 40% to 60% compared to the year ended December 31, 2022.

The decrease is mainly due to a decrease in the average sales price of the Group's aggregate products and other concrete products during the period compared to the year ended 31 December 2022; the decrease in sales volume of the Group's aggregate products and other concrete products during the period compared to the year ended 31 December 2022; and the increase in administrative expenses during the period compared to the year ended 31 December 2022, mainly due to an increase in third party service fees.