Perennial Energy Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the group is expected to achieve better operational performance in the Relevant Period as compared to the corresponding period of 2020. Despite unanticipated small faults mainly at the surface of Baogushan Coal Mine affecting the Group's production during the Relevant Period, revenue of the Group is expected to increase by more than 7% year-on-year as a result of higher coal price. The Group's gross profit margin is also expected to improve by more than 6 percentage points ear-on-year due to higher coal price and stringent cost control by the Group, resulting in an expected increase in the Group's gross profit by more than 20% year-on-year. However, despite the expected increase in the Group's revenue and gross profit during the Relevant Period, the Group's net profit is expected to be negatively affected by the recognition of fair value loss on contingent consideration payable in respect of the Profit Guarantee to be recognised during the Relevant Period, which is outside the ordinary and usual course of business of the group.