Hengdeli Holdings Limited provided unaudited consolidated earnings guidance for the financial year ended 31 December 2022. For the period, the company expects to record a loss attributable to its equity shareholders of not less than RMB 80 million for the financial year ended 31 December 2022, versus a profit attributable to its equity shareholders of approximately RMB 26.3 million for the corresponding period in 2021. The turnaround from profit to loss for the Year Under Review was mainly attributable to (i) decrease in sales price and gross profit as a result of underperforming economic environment during the Year Under Review; and (ii) foreign exchange loss of operation units due to fluctuating exchange rate.