Longsun Group Holdings (06829.HK) announced that the shareholder's attributable net profit for the fiscal year ending March 31, 2024 is expected to decrease by about 40% to 50% compared to the previous fiscal year.

According to currently available information, the expected decrease in the shareholder's attributable comprehensive income is mainly due to the slow recovery of the local economic environment, leading to an increase in expected credit losses and provisions; the financial condition and repayment ability of the group's customers have been negatively affected.