Central China Real Estate Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, it is expected that the Group will record a loss attributable to equity shareholders of the Company of approximately RMB 1.0 billion to RMB 1.5 billion as compared to a loss attributable to equity shareholders of the Company of approximately RMB 5.6 billion for the six months ended 30 June 2022. The loss attributable to equity shareholders of the Company was primarily attributable to a combined impact of macroeconomic circumstances and a downturn of the real estate market, resulting in 1) the Group's overall revenue level has yet to improve; 2) the increase of impairment provisions for inventory.