China Hongqiao Group Limited provided Group earnings guidance for the year ended 31 December 2021. The Group expects the net profit of the Group is expected to significantly increase by more than 60% as compared to that for the year ended 31 December 2020, which was mainly due to the factors: As disclosed in the Company's positive profit alert announcement dated 2 July 2021, driven by the favourable factors such as higher prices of aluminum products, the Group achieved a significant increase in net profit for the first half of 2021 as compared to the first half of 2020, resulting in a significant increase in net profit for the year ended 31 December 2021 as compared to that for the year ended 31 December 2020; Despite the further increase in the prices of aluminum products in the second half of 2021 as compared to the second half of 2020, the growth in the Group's net profit in the second half of 2021 is expected to be less than the growth in the Group's net profit for the period ended 30 June 2021 due to the higher base of the Group's net profit in the second half of 2020 and the significant increase in the purchase prices of the Group's major raw materials, such as coal and carbon anode blocks; and For the year of 2021 as a whole, the market demand for aluminum products in the PRC and overseas remained generally stable and the sales prices of aluminum products continued to rise and remained at a high level, resulting in a significant increase in both revenue and net profit of the Group for the year of 2021.