DC HOLDINGS subsidiary Digital China Information is expected to turn a profit of RMB 46 million to 69 million last year

Digital China Information (000555.SZ), an indirect non-wholly-owned subsidiary of DC HOLDINGS (00861.HK), announced its annual performance forecast for the year ending last year. According to this, Digital China Information expects to record a net profit attributable to its shareholders of RMB 46 million to RMB 69 million during this period, with a loss of approximately RMB 524 million in 2024.

According to the forecast, the expected performance attributable to the shareholders of Digital China Information is expected to turn from loss to profit, mainly due to actively exploring the market, with operating revenue increasing year-on-year, driving profit growth; strengthening accounts receivable management, with overall improvement in collection situation, and a year-on-year decrease in accounts receivable impairment losses; and based on the current situation, preliminary estimates indicate that goodwill impairment losses have significantly decreased compared to the same period last year