Harbin Electric Company Limited provided earnings guidance for the year ended 31 December 2023. Based on the preliminary assessment of the information currently available to the Company, including but not limited to the unaudited management accounts of the Company for the year ended 31 December 2023 ("FY2023"), the net profit attributable to the owners of the parent company for FY2023 is expected to be approximately RMB 550 million (as compared to approximately RMB 99 million for the corresponding period of the previous year), representing a substantial increase as compared to the corresponding period of the previous year, which is mainly attributable to the positive results achieved by the Company vigorously developing the market and the significant increase in revenue as compared to the corresponding period of the previous year. Meanwhile, the transfer of 51% equity interest in Harbin Electric Power Equipment Company Limited by the Company resulted in certain investment income.