Huayu Expressway Group Limited provided group earnings guidance for the six months ended 30 June 2022. For the year, the company announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 (the "Period") and the information currently available to the Board, the Group expects to record a revenue for the Period of about HKD 380 million to HKD 420 million as compared to that of approximately HKD 624.3 million for the six months ended 30 June 2021. The Group also expects a substantial decline in the profit for the Period as compared to the profit of the Group in the amount of approximately HKD 138.6 million for the six months ended 30 June 2021.

The decline in the Group's revenue and profit was mainly attributable to (i) the serious disruptions to the wine and toll road businesses due to the outbreak of the COVID-19 pandemic in the PRC during the Period; and (ii) the increase in the price of petroleum decreases the motivation of the driving trips which has made an impact on the toll road business during the Period.