Beijing Jingcheng Machinery Electric Company Limited provided earnings guidance for the year 2023. According to the preliminary estimate made by the finance department of the Company, the net profit attributable to shareholders of the listed company for 2023 is expected to record a loss of approximately RMB 46 million to RMB 55 million, representing a loss as compared with the corresponding period of last year. The net profit attributable to shareholders of the listed company after deducting the non- recurring profit or loss for 2023 is expected to record a loss of approximately RMB 59.3 million to RMB 68.3 million.