China Environmental Resources Group Limited provided consolidated earnings guidance for the year ended 30 June 2023. The company is expected that the group 's consolidated loss for the year ended 30 June 2023 will increase by not less than 130% compared to the loss for the corresponding period in 2022 of approximately HKD 14.8 million. The board considers that such increase was attributable to the combined effects of the followings during the year ended 30 June 2023: decrease in gross profit to approximately HKD 15.0 million mainly due to the decrease in revenue.