Hanhua Financial Holdings (03903) Fa Yin Guang expects annual net profit to decrease by about 50% year on year

Zhitong Finance App News, Hanhua Financial Holdings (03903) issued an announcement. It is expected that compared with the net profit for the year ended December 31, 2022, the Group will reduce net profit by about 50% for the year ended December 31, 2023. According to currently available data, the Group's net profit decline during the year is mainly due to the following factors: (i) due to the impact of the overall economic environment, the digital service division's small and micro fintech information service business adopted a prudent management strategy, business development slowed, and commission revenue declined; (ii) in response to policies to reduce the burden on small and medium-sized enterprises, the digital services division's electronic bidding guarantee fees declined.