DAPHNE INT'L issues a profit warning, expecting annual profit attributable to shareholders to increase by no less than approximately 60% to no less than approximately 100 million yuan
DAPHNE INT'L expects that the annual profit attributable to shareholders for the year ending December 31, 2024, will increase by no less than 60% year-on-year, reaching no less than 100 million RMB. This is an increase of approximately 37.6 million RMB compared to about 62.4 million RMB for the same period in 2023. The profit growth is mainly attributed to the increase in royalty income and merchandise sales, as well as the reversal of recoverable VAT impairment losses and the recognition of deferred tax assets
According to the announcement from DAPHNE INT'L (00210), based on the preliminary assessment of the group's unaudited consolidated management accounts for the year ending December 31, 2024, and the information currently available to the board of directors, it is expected that the group will achieve a profit attributable to shareholders of not less than approximately RMB 100 million for this year. This is compared to a profit attributable to shareholders of approximately RMB 62.4 million for the year ending December 31, 2023, representing a significant increase of not less than approximately RMB 37.6 million or 60%.
The announcement stated that the expected increase in profit is mainly due to: an increase in operating income and gross profit resulting from the increase in licensing fee income and product sales for this year; the reversal of impairment losses on recoverable value-added tax for this year; and the recognition of deferred tax assets for this year
