GDH Guangnan (Holdings) Limited provided consolidated earnings guidance for the six months ended June 30, 2022. For the period, the company expected to record the unaudited consolidated profit attributable to shareholders of the to increase by not less than 30% as compared to the same period in 2021. The increase in profit is primarily attributable to higher profit from pig slaughter after the construction completion and commencement of production of the meat processing plant in Nanhai District, Foshan City in the second quarter this year thereby increasing substantially the amount of slaughter; and higher profit from tinplate sales due to improvement of sales structure, cost reduction and increase of efficiency despite a drop in sales volume.

Nevertheless, the increase in profit is partially offset by the loss, as compared to a profit for the same period last year, sustained by the two associates engaged in pig farming and pig sales due to the substantial drop in swine price in the first half of 2022.