CITIC Resources Holdings Limited provided earnings guidance for the six months ending June 30, 2022. For the period, the company expects the net profit after tax of the Group for the Relevant Period is expected to increase by not less than 100% as compared with the corresponding period of last year. The net profit after tax of the Group for the six months ended 30 June 2021 was approximately HKD 448 million.

Such expected increase was mainly attributable to the following factors: a significant improvement in operating results of the crude oil business of the Group for the Relevant Period as compared with the six months ended 30 June 2021 due to an increase in average realised crude oil price and stringent ongoing costs control, resulting in a better overall financial performance of the crude oil business of the Group; and a significant improvement in operating results of the Group's aluminium smelting segment and coal segment for the Relevant Period due to an increase in the average selling price of aluminium and coal as compared with the six months ended 30 June 2021 as well as an increase of fair value gain on derivative financial instruments of electricity hedging agreements in Australia.