New Concepts Holdings Limited provided consolidated earnings guidance for the financial year ended 31 March 2023. For the year, the company expects to record a loss of not less than HKD 18.0 million attributable to the owners of the Company as compared to the profit attributable to the owners of the Company of HKD 5.50 million in the prior financial year 2022. Such change from profit to loss was primarily attributable to, among other factors, the following reasons: a decrease in profit generated from the construction of Xuancheng Plant (which was awarded under Build-Operate-Transfer model) amounting to approximately HKD 6.68 million (financial year 2022: approximately HKD 21.62 million) along with the completion of construction of phase 1 of the project; and the one-off recognition of gain on disposal of Taiyuan Plant amounting to approximately HKD 14.20 million in financial year 2022.