Xinte Energy Co., Ltd. provided unaudited consolidated earnings guidance for the year ended 31 December 2023. for the year, the Group is expected to record an unaudited net profit attributable to shareholders of the Company ranging from RMB 4.2 billion to RMB 4.4 billion for the Year, representing a significant decrease of approximately 67% to 68% compared to RMB 13.315 billion recorded for the corresponding period in 2022. Attributable to the impact of the change of the market demand and supply, the average selling price of polysilicon for the Year dropped significantly by approximately 60% as compared to the corresponding period in 2022, albeit the Group's polysilicon production capacity of the Year was further utilized and the sales volume has increased by approximately 90% as compared to the corresponding period in 2022, the impact on decrease in selling price outweighed the impact on the increase in sales volume.

Meanwhile, as the Group's polysilicon and supporting zirconium chloride production lines situated in Xinjiang Ganquanpu Production Base deteriorated, the Group would have to make provision for fixed assets impairment for the corresponding assets of approximately RMB520 million for the Year. Taking into account the above factors, the Group's profit for the Year was expected to decrease.