Deewin Tianxia Co. Ltd. provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the group expects its net profit will range from approximately RMB 147.4 million to RMB 156.2 million, a decrease by approximately 29% to 33% as compared to the year ended 31 December 2022.

The net profit of the Group for the year ended 31 December 2022 was RMB 220.0 million. The expected decrease in the net profit is primarily attributable to: the significant decrease in government grants received by the Group in 2023 as compared to 2022: more special government incentives were received for the completion of Global Offering and the successful listing of the Company on the Stock Exchange in 2022, and such government grants decreased in 2023; an increase in the credit impairment loss provided by the Group in 2023 for prudential reasons in relation to the operation of individual customers; and a higher exchange gain arising from the settlement of the proceeds from the Global Offering in 2022, and no such gain arose in 2023.