Newsletter summary

Sanbao Technology (01708DrakecasinonodepositbonusHK) the net profit for fiscal year 2023 is expected to be 1.5 million to 2.2 million yuan, turning losses into profits, mainly due to cost control, management optimization and the increase in fair value.

Text of news flash

[Sanbao Technology expects to make a net profit of about 1.5 million yuan to 2.2 million yuan in fiscal year 2023 to turn a loss into a profit]

01708.HK revealed in its latest announcement on April 22nd that according to the company's management's preliminary assessment of the group's unaudited consolidated management accounts in fiscal year 2023 (as of December 31, 2023), it is expected that Sanbao Technology will achieve a net profit of between 1.5 million yuan and 2.2 million yuan attributable to its parent shareholders in fiscal year 2023. Compared with the previous fiscal year, the company successfully turned from a net loss of about 273 million yuan to a profit.

The three main factors for the company's performance to turn losses into profits during the reporting period include: first, Sanbao Technology has achieved an increase in gross profit and a significant increase in gross profit margin through strict control of project procurement costs.DrakecasinonodepositbonusSecondly, optimize the organizational structure through fine management, reduce the cost and increase efficiency significantly, and the overall cost decreased compared with the same period last year; finally, the fair value of the company's investment real estate increased in the final evaluation, which contributed to the performance improvement.

The performance improvement of Sanbao Technology shows that the measures taken by the company in cost control and asset management have achieved remarkable results. For secondary market investors, this performance shift could be a key point to focus on the company.