DeTai New Energy Group Limited provided earnings guidance for the year ended 30 June 2023. For the period, Group is expected to record the net loss in a range of HKD 65 million to HKD 75 million for the year ended 30 June 2023 as compared to the net loss of approximately HKD 136 million for the year ended 30 June 2022. The decrease in the net loss was mainly attributable to: (i) the absence of gross loss and written down of inventories on the liquor and wine business of approximately HKD 27 million; (ii) the decrease in a fair value loss of approximately HKD 26 million in respect of the financial assets at fair value through profit or loss; and (iii) the decrease in the general and administrative expenses of approximately HKD 13 million.