China Harmony Auto Holding Limited provided consolidated earnings guidance for the financial year ended 31 December 2022. For the year, the company expects to record a loss attributable to the shareholders of the Company of approximately RMB 1,630.4 million for FY2022, as compared to a profit attributable to the Shareholders of approximately RMB 673.2 million for the year ended 31 December 2021. The loss for FY2022 was mainly attributable to certain non-recurring items (the "Non- recurring Items") in the aggregate amount of approximately RMB 1,787.6 million as further elaborated below.

If the Non-recurring Items were excluded, the Group would record a profit attributable to the Shareholders of not less than RMB 162.1 million, which was lower than that for FY2021 of approximately RMB 595.3 million and mainly attributable to the temporary closure of some of the stores under the domestic pandemic prevention policies during FY2022 which had adversely affected the Group's sales and business operations.