Zhixing Group Holdings (01539) announced that it expects to achieve a net profit of not less than HKD 35 million for the year ending March 31, 2024, while it is expected to have a net loss of approximately HKD 64 million for the year ending March 31, 2023. Adjusted net profit (as measured under non-Hong Kong financial reporting standards) is defined as the annual net profit adjusted for the following items: (i) fair value changes of equity investments recorded in profit or loss; (ii) gains or losses arising from amendments or terminations of financial liabilities; (iii) foreign exchange gains or losses; and (iv) stock option expenses arising from the granting of options to directors and certain employees of the company. In addition to the above adjustments, the group is expected to achieve a net profit of not less than HKD 10 million for the current year and a net loss of approximately HKD 24 million for the 2023 fiscal year.