On July 4, Global Wealth announced that it's expected to achieve a net profit of 12-18 million yuan in the first half of the year, turning losses into gains compared with the same period last year, and a non-GAAP net profit of 7-13 million yuan, also turning losses into gains compared with the same period last year, with operating income of 425-485 million yuan.
The main reason for the net profit attributable to the shareholders of the listed company to turn losses into gains compared with the same period last year in this reporting period is the growth of the sales revenue of the Company's main business full-owned subsidiary, Zhejiang Zhongjue Sewing Technology Co., Ltd.'s sewing machine business from the same period last year. In addition, the decrease in the company's financial expenses, the reduction in non-operating expenses, and the increase in other income all had a positive impact on the net profit attributable to the shareholders of the listed company.