Lonking Holdings Limited provided unaudited consolidated group earnings guidance for the six months ended 30 June, 2023. For the period, the group expects to record a significant increase in the net profit for the first half year of 2023. The net profit will be RMB 282 million to RMB 382 million, representing an increase of 91% to 158%, as compared to the corresponding period of the previous year.

The increase in net profit during the reporting period was mainly due to (i) the significant year-on- year increase in export income; (ii) the significant year-on-year increase in net gains generated from financial assets.