Lonking Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the year, the company expects to record a significant increase in its net profit for the year ended 31 December 2023, as compared to the corresponding period in the previous year. The Board expects that the net profit for the reporting period was approximately RMB 600 million to RMB 700 million, representing an increase of 50% to 75% over the same period last year.

The increase in net profit during the Reporting Period was mainly due to (i) the rapid increase in the scale of production and sales of the internationally oriented business, leading to a year-on-year increase in the Company's operating results; (ii) the significant year-on-year increase in net gains generated from financial assets.