On January 5, Ge Longhui Group (00255.HK) announced that compared with the net profit of HK$16 million for the year ended 31 December 2022, the Group is expected to record a net loss of no less than HK$70 million for the year ended 31 December 2023.

The main reason for the expected change in the Group's performance from profit to loss is that the Group's sales revenue continues to be at a low level due to the poor economic environment, and the inevitable reduction in sales prices due to the difficult operating environment.