Shougang Century Holdings Limited provided earnings guidance for the year ended 31 December 2023. The Group expects to record a profit after tax for the year ended 31 December 2023 of not less than HKD 60,000,000 compared to the profit after tax of HKD 47,858,000 for the year ended 31 December 2022. Such increase is primarily attributable to the following reasons: the improvement of gross profit margin arisen from the decrease in production costs; and the reduction in net finance costs.