The Sincere Company, Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the group's expected to record net loss attributable to the Shareholders ranging from HKD 57.0 million to HKD 62.0 million for FY2022, as compared to the net loss attributable to the Shareholders of approximately HKD 75.9 million for FP2021 as set out in the annual report of the Company for FP 2021. It is noted that the reduction in net loss in Fiscal Year 2022, as compared with FP2021 was mainly attributable to (i) decrease in other operating expenses.

Included in FP 2021 results were (a) an one-off impairment on "property, plant and equipment" of approximately HKD 2.0 million; and (b) an one-off loss on early termination of lease of approximately HK$2.9 million, whereas FY2022 recorded nil for both items; (ii) the recognition of government subsidies of approximately HKD 3.7 million under the Hong Kong government employment support scheme (FP2021: nil); and (iii) an increase in other income mainly attributable to an increase in imputed interest income from HKD 9.3 million for FP 2021 to HKD 15.5 million for FY2022 calculated based on the discounted present value of the net proceeds of approximately HKD 260.4 million expected to be received from Win Dynamic Limited pursuant to the deed of gift executed by it in favour of the Company on 29 October 2020.