China Huarong Energy Company Limited provided group earnings guidance for the six months ended 30 June 2022. For the six months, company expects that the Group will record a loss attributable to equity holders of the Company of no more than RMB 390.0 million as compared with the loss attributable to the equity holders of the Company of approximately RMB 82.8 million for the six months ended 30 June 2021 . The principal reasons for the loss are as follows: Loss on foreign exchange difference in USD and Hong Kong dollars monetary liabilities as a result of the depreciation of RMB against USD and Hong Kong dollars; and The additional interest accrued on the provision for Relevant Guarantee contracts.
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