Greenland Hong Kong Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2022. For the period, the group is expected to record profit for the period attributable to owners of the Company of around RMB 100 million (profit for the period attributable to owners of the Company for the six months ended 30 June 2021: approximately RMB 1.4 billion) and a net profit of around RMB 10 million (net profit for the six months ended 30 June 2021: approximately RMB 1.4 billion). Based on the unaudited information currently available, such expected decline was mainly due to (1) the decline in the area of properties delivered attributable to the slow construction progress caused by the COVID-19 pandemic across the country; (2) the decrease in the gross profit margin of the properties delivered during the period affected by the overall weak real estate environment; and (3) the foreign exchange loss arising from the depreciation of Renminbi against U.S. Dollar.