News summary

Sanbao Technology (01708) expects net profit for shareholders of the parent company to be between 1.5 million yuan and 2.2 million yuan in fiscal year 2023, starting from 2022crashbandicootgamepassof 2crashbandicootgamepassA loss of..73 billion yuan successfully turned around, mainly due to cost control, improvement in gross profit margin, management optimization and growth in the value of investment real estate.

Newsletter text

[Sanbao Technology expects its net profit for the fiscal year 2023 to be between 1.5 million yuan and 2.2 million yuan, turning losses into profits, which is in sharp contrast to the net loss of 273 million yuan in 2022.] In recent years, Sanbao Technology (01708) has achieved remarkable results in strictly controlling project procurement costs, effectively increasing gross profit and improving gross profit margin, which is highlighted in the company's performance report. Through refined management, the company optimized the organizational structure and achieved cost reduction and efficiency improvement. The overall expenses dropped year-on-year, providing important support for turning losses into profits. In addition, the final evaluation of the company's investment real estate showed an increase in fair value, which is also an important factor in the company's ability to turn a profit.