According to Zhitong Finance App, Cantelon (01912) announced that the group expects to obtain a net loss attributable to company owners of about US$9.2 million to US$9.8 million for the 12 months up to December 31, 2023 (this year), while the 12 months ending December 31, 2022 will be a loss attributable to the owners of the company of about US$1.6 million.

According to reports, the expected net loss for this year is mainly due to a decline in sales volume and sales prices due to the slowdown in global economic growth; although production costs remained at a similar level, gross profit declined; sales and distribution expenses and general and administrative expenses remained at similar levels despite declining sales volume and sales prices; and increased financing costs due to rising interest rates.