Tong Ren Tang Technology (01666) expects net profit to return to mother to increase by -3% to 7% year-on-year in 2023
Zhitongcaijing · 01/29 11:09

Zhitong Finance App News, Tong Ren Tang Technology (01666) announced that the directors expect the group's net profit attributable to the company's owners in 2023 to fall by about 3% to increase by about 7% compared to the same period last year.

According to the announcement, the Group's performance for the current period was mainly affected by the following factors: the company's subsidiary, Beijing Tongrentang Sinopharm Co., Ltd. (03613)) and its subsidiaries, their 2023 after-tax profit fell 18% to 22% compared to the same period of the previous year, thus reducing the Group's profit growth compared to the same period last year; and unconventional fluctuations in the prices of some raw materials in 2023.