Beijing Energy International Holding Co., Ltd. provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the Group is expected to record a consolidated net profit of approximately RMB 460 million for the Year 2023, among which consolidated net profit attributable to equity holders of the Company was approximately RMB 30 million. The Group recorded the consolidated net profit of approximately RMB 472 million for the year ended 31 December 2022, among which consolidated net profit attributable to equity holders of the Company was approximately RMB 269 million.

The Board believes that the expected decrease in consolidated net profit attributable to equity holders of the Company for the Year 2023 compared to 2022 was mainly due to: the impairment of a solar power plant of the Group located in Inner Mongolia; and the estimated increase in depreciation of property, plant and equipment and finance costs of approximately 45% and 31% respectively for the Year 2023.