Huabao Xinneng Releases 2023 Performance Forecast AMZ123 learned that on January 31, the cross-border blockbuster Huabao Xinneng released its 2023 performance forecast. During the reporting period, Huabao Xinneng's expected net profit was negative, and the net profit attributable to the parent company was - 200 million yuan to - 140 million yuan, with a profit of 290 million yuan in the same period last year; Non net profit deducted amounted to - 310 million yuan to - 210 million yuan, with a profit of 270 million yuan in the same period last year. Operating revenue of Huabao Xinneng declined due to market competition and changes in overseas markets, and its gross profit margin also declined due to the impact of some product promotions and the clearing of high cost inventory. In response to market changes, Huabao Xinneng has increased its brand promotion, R&D investment and talent reserve