China Conch Venture Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2022. The company is expected to have a significant decline in its results and may record a decrease of approximately 50% to 58% in the net profit attributable to the equity holders of Conch Cement for the year ended 31 December 2022 as compared to that for the year ended 31 December 2021 (the net profit attributable to the equity holders of Conch Cement for fiscal year 2021, as prepared by Conch Cement in accordance with the PRC accounting standards, amounted to RMB 33.267 billion and earnings per share were RMB 6.28).