Confidence in (01967) announced that, compared with a net loss of approximately RMB 22.6 million as of June 30, 2023, the Group expects to achieve a net profit of not more than approximately RMB 14 million as of June 30, 2024.
The turnaround from loss to profit as of the reporting period was mainly due to the increase in sales and the improvement of the Group's gross margin. This is mainly due to the increase in sales orders from major customers and the general improvement in resource utilization rate, thereby absorbing more fixed costs.