According to the Zhitong Finance App, Yili Holdings (00076) announced that the Group is expected to obtain net profit attributable to shareholders of about US$1.8 million for the year ending December 31, 2023 (compared to the same period in 2022: net profit of about US$600,000).

The Board of Directors believes that the increase in net profit for the year ended December 31, 2023 was mainly due to reduced administrative expenses and fair value earnings from financial assets confirmed as fair value, offset by an increase in manufacturing costs in the manufacturing and sale of electronic products business, and the return of impairment losses on financial assets to impairment losses on financial assets.