According to the Zhitong Finance App, Singularity Guofeng (01280) announced that for the six months ending June 30, 2024, the Group may obtain losses attributable to the company owners of about RMB 33 million, while the profit attributable to company owners for the six months ended June 30, 2023 was approximately RMB 87 million, a decrease of about 137.9% over the same period last year.

The change of owners of the company for the six months ended June 30, 2024 from attributable profits to losses is mainly due to the fact that the two divisions of the wine sales and provision of education and training services are currently in the initial development stage. The proportion of expenses is large, and the costs of developing related markets are high. The company will continue to optimize costs, develop the business, and continuously improve and improve the business.