Hans Energy Company Limited provided group earnings guidance for the year ended 31 December 2022. For the year, the company expects to record a net profit of not less than HKD 1,000,000 for as compared to the net loss of HKD 13,518,000 recorded for the year ended 31 December 2021; and the Company is expected to record a profit attributable to the equity shareholders of the Company of not less than HKD 100,000 for the year ended 31 December 2022 as compared to the loss of HKD 16,047,000 recorded for the year ended 31 December 2021. The Board believes that the aforesaid profit is mainly attributable to (i) the improvement in the Group's operations leading to increase in the Group's gross profit margin, (ii) the dividend income generated from investments in unlisted equity securities, (iii) the increase in interest income, (iv) the increase in net foreign exchange gain, (v) the reduction in equity-settled share-based payment expense, (vi) the reduction in finance costs, and (vii) reversal of loss allowance of trade and other receivables, partially offsetting the recognition of net fair value losses on financial assets at fair value through profit or loss.