Huili Resources (Group) Limited provided earnings guidance for the six months ended 30 June 2023. The group is expected to record a net profit of not more than approximately RMB 84 million for the Period, representing a threefold increase as compared with the net profit of approximately RMB 20.7 million recorded for the six months ended 30 June 2022 (the "Prior Period"). The Board considers that the expected significant increase in profit for the Period was mainly attributable to the following factors: the increase in sales volume of the Group's coal product during the Period as compared to the Prior Period; and the reversal of expected credit loss of approximately RMB 0.6 million for the Period, against expected credit of approximately RMB 6.4 million for the Prior Period.