Kangda International Environmental Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company expects to record an approximately 40%-45% decrease in the profit attributable to equity owners of the Company as compared to that for the year ended 31 December 2021. Such decrease is mainly attributable to (i) reduction in construction projects and increases in operating costs such as chemicals and electricity lead to decrease in gross profit margin; (ii) decreases in government grants and investment income; and (iii) exchange loss caused by the depreciation of Renminbi exchange rate during the year.

The Board considers that the Group's overall financial position, businesses and operations remain healthy, and is optimistic about the long-term development of the Group.