China New Town Development Company Limited provided earnings guidance for the year ended 31 December 2022. For the period, the Group is expected to record a net profit of approximately RMB 7 million for the year ended 31 December 2022, as compared with a net profit of RMB 131 million for the year ended 31 December 2021 and the decline of the net profit is mainly due to the said impairment loss.