Add New Energy Investment Holdings Group Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company will record a profit for the year attributable to owners of the Company of approximately RMB 57.6 million for the year ended 31 December 2022 as compared with a loss for the year attributable to owners of the Company of approximately RMB 30.1 million in the same corresponding period last year. The profit is mainly attributable by: (1) the increase in revenue of approximately RMB 232.1 million coupled with the increase in the profit margin from 2.0% the same corresponding period in last year to 7.8% for the year ended 31 December 2022; and (2) the increase in other income of approximately RMB 11.5 million which was attributable by, among others, compensation income and consultancy fee income of approximately RMB 3.3 million and RMB 9.6 million, respectively, recognised in 2022, which was partly offset by (I) the increase of administrative expenses of approximately RMB 24.7 million which was mainly attributable to research and development expenses incurred in 2022 amounting to approximately RMB25.1 million, and (II) the effect of appreciation of HKD against RMB mainly on the Group's bonds denominated in HKD, resulting in net foreign exchange loss of approximately RMB 6.8 million compared to net foreign exchange gain of approximately RMB13.2 million in the same corresponding period last year.