Metropolis Capital Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2022. The Group's unaudited consolidated results for the six months ended 30 June 2022 and the information currently available, the Group is expected to record a profit before tax of approximately RMB 0.7 million for the 2022 Interim Period, representing a decrease of approximately 85% from a profit before tax of approximately RMB 4.9 million for the six months ended 30 June 2021. Revenue of the Group for the 2022 Interim Period increased by more than RMB 4.0 million when compared with the corresponding period in 2021.

The decrease in profit before tax for the 2022 Interim Period was primarily attributable to the (i) increase in finance costs of more than RMB 4.0 million due to the increase in the interest on bank and other borrowings as the balance of bank and other loans significantly increased; and (ii) change from the (a) reversal of loss allowances on finance lease receivables and receivables arising from sale and leaseback arrangements for the six months ended 30 June 2021 to the recognition of loss allowances on the Lease Receivables for the 2022 Interim Period, as well as (b) nil loss allowance made on factoring receivables for the six months ended 30 June 2021 to the recognition of loss allowances on factoring receivables for the 2022 Interim Period, which is partially off-set by a decrease in staff costs and other operating expenses of about RMB 4.3 million in aggregate.