On July 12th, Gelonhui announced the performance forecast for the first half of 2024. The net profit attributable to the shareholders of the listed company is expected to be between 0.18 billion yuan and 0.27 billion yuan, compared to the loss of 353.3553 million yuan in the same period last year; the net profit after deducting non-recurring gains and losses will be between 15 million yuan and 20 million yuan, a decrease of 47.20% to 29.60% from the same period last year. The basic EPS profit is between 0.21 yuan/share and 0.32 yuan/share.
In June 2023, the company received the final judgment (2021) Yue Minzhong No. 312 "Civil Judgment" from Guangdong Higher People's Court regarding the appeal of Beijing Tencent Culture Media Co., Ltd. against Tianjin Dianwo Information Technology Co., Ltd., Suzhou Meishengyuan Information Technology Co., Ltd., and the company's contract dispute case. The judgment ruled that the company should bear joint and several liabilities for the debt involved in Meishengyuan. Since the judgment is final, the company provided a loss provision of 0.397 billion yuan in the first half of 2023 and 0.416 billion yuan for the whole year of 2023 in accordance with the relevant accounting principles. In May 2024, the company reached a settlement with Beijing Tencent, with a settlement amount of 0.18 billion yuan. During the reporting period, the company canceled the provision for the loss of 0.236 billion yuan according to the execution and settlement situation and in accordance with the relevant accounting principles, which greatly increased the net profit attributable to shareholders of the listed company. The company believes that the loss provision of 0.236 billion yuan canceled during the reporting period is an incidental gain or loss item not related to the company's normal business operations and will be recognized as a non-recurring gain or loss in accordance with the Interpretive Bulletin No.1 on the Disclosure of Company Information of Publicly Issued Securities-Non-recurring Gains and Losses.