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GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED
(incorporated in the Cayman Islands with limited liability)
(Stock code: 00468)
ESTIMATE OF NET PROFITS
This announcement is made by Greatview Aseptic Packaging Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the latest results of the Group for the period from 1 January 2022 to 28 June 2022 (both days inclusive) (the "Period") and the information available for the time being, it is estimated that the Group will record a consolidated net profit between approximately RMB60.0 million to RMB70.0 million during the Period. The Company's consolidated net profit was approximately RMB144.6 million for the six months ended 30 June 2021.
The estimated decrease in the Group's consolidated net profit for the Period is mainly attributable to the ongoing significant increase in the cost of production and selling expenses as compared with the corresponding period last year. This increase is mainly driven by the continuing increase in the price of raw materials due to global shortage as well as the high international freight costs. If the above situation continues without any material improvement, a further percentage decrease in the consolidated net profit of the Group for the year ending 31 December 2022 as compared to the year ended 31 December 2021 is expected.
The information contained in this announcement is only based on a preliminary assessment of the latest unaudited consolidated management accounts of the Group for the Period and the information available at the current time. Such information has not been audited or reviewed by the auditors of the Company or the audit committee of the Company. The unaudited consolidated results of the Group for the six months ending 30 June 2022 are expected to be announced by the Company by the end of August 2022. If there is any material deviation in the unaudited consolidated results of the