DeTai New Energy Group Limited provided earnings guidance for the year ended June 30, 2022. For the period, the company expected to record the net loss in a range of HKD 130 million to HKD 140 million as compared to the net loss of approximately HKD 37 million for the year ended 30 June 2021. The increase in the net loss was mainly attributable to: the gross loss and written down of inventories on the liquor and wine business of approximately HKD 27 million due to the bulk sales of the inventories of the liquor for more cash inflow; a fair value loss of approximately HKD 70 million in respect of the financial assets at fair value through profit or loss; and the impairment loss on loans receivable of approximately HKD 13 million.