China Aerospace International Holdings Limited provided preliminary earnings guidance for the year ended 31 December 2023. for the year, the Company is expected to record a net loss in the range of approximately HKD 1 million to HKD 5 million, representing a significant reduction as compared to the net loss of HKD 252,722,000 recorded for the year 2022; and a revenue of approximately HKD 3,400 million for the year ended 31 December 2023, representing a decrease of approximately 24% as compared to the revenue of HKD 4,501,532,000 for the year 2022. The reduction in loss was the combined effect of no significant loss of lease termination and impairment of rental receivables were recorded during the year and the fair value loss of investment properties of approximately HKD 123 million.

The decrease in revenue was mainly attributable to the significant decrease in sales from the industrial enterprises, particularly the printed circuit board business.