China Daye Non-Ferrous Metals Mining Limited provided group earnings guidance for the six months ended 30 June 2022. For the six months, the company announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 and the information currently available to the Board, the Group is expected to record a substantial decrease in net profit. The Board considers that the anticipated decrease in net profit of the Group for six months ended 30 June 2022 compared with same period of last year is mainly attributable to the fact that in the first half of 2022, under the influence of environmental inspections, the subsidiaries of the Company, Fengshan Copper Mine, temporarily suspended production for rectification and low-load production such as Sareke Copper Mine, resulting in a decline in the output of self-owned mines and a decline in profitability.

In view of the above, the board expects that the revenue for the six months ended 30 June 2022 will be amounted to approximately RMB 17,954,200,000 (2021: approximately RMB 16,824,360,000), representing an increase of approximately 6.72% compared with same period of last year. Net profit for the period is expected to be approximately RMB 26,090,000 (2021: approximately RMB 134,310,000) representing a decrease of approximately 80.57% compared with same period of last year.