Huaxin Cement Co., Ltd. provided earnings guidance for the year ended December 31, 2022. Based on its preliminary review of the relevant financial statements of the Company and its subsidiaries (the "Group"), it is expected that the profit attributable to equity holders of the Group for the year ended 31 December 2022 will be in the range from RMB 2,520.86 million to RMB 2,842.67 million, representing a decrease by approximately 47% to 53% to approximately as compared with that of the same period in 2021. The above expected decrease is mainly due to the decrease in sales volume driven by the recurrence of the COVID-19, and the downturn of the real estate industry; meanwhile, the cost of cement and clinker increased as the energy price went up.