Gelonghui, January 31, 丨 Junjie Group Holdings (08188.HK) announced that the Group's unaudited gross profit margin for the fiscal year 2023 and the total profit and comprehensive income (“net profit”) attributable to the owners of the company are not less than 15.0% and HK$40 million respectively, while the audited gross margin and net profit for the year ended 31 December 2022 are approximately 3.2% and approximately HK$5.804 million, respectively.

The increase in gross margin and net profit in fiscal year 2023 was mainly due to positive progress in the construction of tunnel construction services in the Group's newly awarded contracts (as disclosed in the third quarter results announcement). According to measurements of the projects completed by the Group and customers so far, the profit margin of tunnel construction services is generally high.