China Sunsine Chemical Holdings Ltd. provided earnings guidance for the first half ended June 30, 2022. For the half year, the company expected to report a material increase in its consolidated net profit, compared to the corresponding period in 2021. The expected profit growth is mainly due to the increase in the average selling price.

As disclosed in the Company's 2021 full year results announcement dated 23 February 2022 and the Business Updates announcement dated 28 April 2022, the increase in the global commodities prices has led to the increase in prices of raw materials, and the Group was able to pass on such increase to customers. As such, the Group achieved higher revenue and net profit in the first half of 2022 compared to the corresponding period in 2021.