Taizhou Water Group Co., Ltd. provided earnings guidance for the six months ended June 30, 2023. For the period, the company expected to record an estimated net loss attributable to owners of the parent in the range of approximately RMB 30 million to RMB 70 million for the Period as compared to a net profit attributable to owners of the parent of approximately RMB 31.6 million for the corresponding period in 2022. The expected net loss for the Period was mainly attributable to the recognition of the depreciation and amortization expenses and the finance costs, among others, related to the gradual recognition of the two construction-in-progress projects, Taizhou Water Supply System (Phase III) and Taizhou Water Supply System (Phase IV), as fixed assets.