Add New Energy Investment Holdings Group Limited provided consolidated earning guidance for the six months ended 30 June 2023. For the period, the company expects a record a significant increase in net profit of approximately two times to approximately RMB 33.1 million as compared with a net profit for the six months ended 30 June 2022 of approximately RMB 14.9 million. The significant increase in profit in mainly due to (1) the increase in revenue recorded during the period, resulting in an increase of gross profit from approximately RMB 64.0 million to approximately RMB 74.7 million; (2) the net foreign exchange gain of approximately RMB 0.2 million as compared with net foreign exchange loss of approximately RMB 4.5 million for the same period in 2022; and (3) the substantial decrease in net finance cost from approximately RMB 7.1 million to approximately RMB 1.0 million as a result of the repayment of the HKD-denominated bonds.