China Smarter Energy Group Holdings Limited provided consolidated earnings guidance for the period ended 30 June 2023. For the period, the company expected that its consolidated net loss will increase by approximately 87% as compared with that for the period ended 30 June 2022. The increase in net loss is mainly due to the impairment provision of the refundable deposits, in the net amount of approximately HKD 48,491,000, receivable by the company (the Refundable Deposits).