Zhitong Finance App News, Zhixin Group Holdings (02187) announced that the Group's net profit in 2023 is expected to be about RMB 5 million to RMB 10 million, while net profit in 2022 is RMB 1.3 million. The increase in net profit was mainly due to additional revenue generated by the commencement of operation of a tailings production line with an annual processing capacity of 3 million tons of iron ore in May 2023; the related increase in revenue was partially offset by a decline in revenue and gross profit from ready-mixed concrete and precast concrete components.