Anxian Yuan China Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2023. For the period, Group expected to record a significant increase by more than 42% in net profit for the year ended 31 March 2023 as compared with that of the year ended 31 March 2022. Such increase is mainly because: the Group recorded an increase in gross profit by more than 10% year-on-year.

Such increase was primarily due to total revenue was increased more than 9% as total number of tombs sold was increased 11% and better cost control of new types of tombs during the year. the Group recorded an increase in other income by more than 110% year-on-year. Such increase was primarily due to recovery of bad debts on other receivables.

the Group recorded a decrease in finance cost by more than 70% year-on-year. Such decrease was primarily due to the repayment of bank borrowings for the years ended 31 March 2023 and 2022.