LX Technology Group Limited provided consolidated earnings guidance for the year ended 31 December 2023. for the year, the Group is expected to record an increase in revenue to approximately RMB 1,793.0 million for the Year as compared to approximately RMB 1,664.0 million for the corresponding period in 2022. Such expected increase was primarily attributable to the increase in revenue across all service lines of the Group during the Year.

The Group is also expected to record a net loss of not less than RMB 130.0 million for the Year, as compared to a net profit of approximately RMB 99.9 million for the corresponding period in 2022. The expected net loss for the Year was mainly attributable to (1) the absence of the fair value gain of financial liabilities at fair value through profit or loss for the Year (2022: approximately RMB 197.7 million); and (2) the increase in administrative expenses for not less than RMB 14.0 million from approximately RMB86.8 million for the corresponding period in 2022 to not less than RMB 100.8 million for the Year mainly due to an increase in professional fees.