Perennial Energy Holdings Limited provides consolidated earnings guidance for the year ended 31 December 2023. The company expects net profit after tax of the Group for the Year is expected to range from approximately RMB 470 million to RMB 520 million, representing a decrease of approximately 37% and 30% as compared to that of approximately RMB 744.0 million for the year ended 31 December 2022. Such expected decrease was mainly attributable to continuous narrowing of the profit margin due to reduction in the average market price of clean coal in the Year as compared to the Previous Year.