China Dredging Environment Protection Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 June 2023. For the period, the group expects to record a net profit of approximately RMB 39.9 million as compared to a net loss of approximately RMB 5.9 million for the six months ended 30 June 2022. Based on the information currently available to the Company, the Board attributes the Group's turnaround from loss to profit for the Interim Period primarily to the successful advancement of some projects under Other Marine Business awarded to the Group and a significant enhancement in implementation efficiency.

This led to considerable growth in both operating revenue and operating profit during the Interim Period.