Hongcheng Environmental Technology Company Limited provided unaudited consolidated earning guidance for the year ended December 31, 2023. For the period, the group is expected to record a profit for the year, all attributable to owners of the Company of no more than RMB 17.5 million for the year ended 31 December 2023, representing a decrease of approximately 78.2% compared to the profit for the year, all attributable to owners of the Company of approximately RMB 80.2 million recorded for the year ended 31 December 2022. It is expected to record a revenue of approximately RMB108.0 million for the year ended 31 December 2023, representing a decrease of approximately 51.5% compared to the revenue of approximately RMB 222.8 million recorded for the year ended 31 December 2022.