Zhixun Finance APP News, Water Oasis GP (01161) announced that as of the fiscal year ending on September 30, 2024, the net profit attributable to shareholders is expected to be approximately 65 million Hong Kong dollars to 69 million Hong Kong dollars, while as of the fiscal year ended on September 30, 2023, it amounted to about 0.1102 billion Hong Kong dollars. The decrease in net profit is mainly due to the following factors: a slight increase in gross profit for the reporting year; measures taken for high-performance employees leading to increased employee costs; investment in high-profile and high-impact advertising activities to enhance the brand image of this group resulting in increased marketing expenses; confirmation of non-cash impairment of goodwill of about 11.4 million Hong Kong dollars. This group holds a significant position in Hong Kong and has promising growth prospects. To enhance the group's profitability, it will focus on providing reliable and top-notch beauty services and products in Hong Kong; and due to underperformance, it will not extend the distribution rights of HABA products in mainland China; and investment property fair value changes resulting in a loss of about 33 million Hong Kong dollars.