C WAN TONG YUAN (06966) issued a profit warning, expecting the annual attributable net profit and comprehensive income to decrease by approximately 40.3% to 46.0% to a total of 9.5 million to 10.5 million yuan.

C Wan Tong Yuan (06966) announced that for the current financial year ending on December 31, 2023, the Group's attributable net profit and comprehensive income is approximately RMB 17.6 million. The Group expects to achieve an attributable net profit and comprehensive income of approximately RMB 9.5 million to RMB 10.5 million, a decrease of about 40.3% to 46.0%. The decrease in profit is mainly due to a decline in sales revenue from cemetery plots as a result of decreased demand, as well as an increase in expenses such as travel, labor, depreciation, and amortization from expanding funeral projects and extending funeral services.