RENHENG Enterprise Holdings Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 December 2023. For the year, the group expects to record a profit for the year of the range from approximately HKD 12.0 million to approximately HKD 15.0 million for the Relevant Period, as compared to that of a loss for the year of approximately HKD 2.4 million for the year ended 31 December 2022. The Board believed that the primary reason for the expected increase in profit as abovementioned was mainly attributable to an increase in the Group's expected revenue and an increase in gross profit from the Group's business of the product of the construction contract of casing and flavouring system and pneumatic feeding system by not less than approximately 75.0% for the Relevant Period as compared to Corresponding Period, primarily because of the completed installations of the product abovementioned.

This positive impact is estimated to be offset by the increase in selling and distribution costs and income tax on taxable profit.