China TianYF Holdings Group Limited provided earnings guidance for the nine months ending September 30, 2022. For the period, the company expects the turnover for the Period to be not less than RMB 130 million (2021: approximately RMB 65.33 million) and the net loss after tax for the Period to be not less than RMB 1 million (net loss after tax for the corresponding period in 2021: approximately RMB 10.64 million). The Board considers that the significant increase in turnover and decrease in net loss after tax is mainly due to the recognition of the progress income of approximately RMB 90 million for a large size municipal project in the Greater Bay Area for wastewater treatment equipment and thus contributed to the increase in the overall turnover, gross profit and the decrease in the net loss after tax.