Tianjin Port Development Holdings Limited provided earning guidance for year ended 31 December 2023. The company expected that the Company and its subsidiaries will record an increase of approximately 110% to 120% in the profit attributable to the Shareholders for the year ended 31 December 2023 as compared with that of HKD 345 million for the year ended 31 December 2022. Such expected increase was primarily attributable to the depreciation of Renminbi against Hong Kong dollars in 2022 which resulted in an exchange loss on the Hong Kong dollars-denominated liabilities held by the Group, while in the early 2023, the relevant Hong Kong dollars-denominated liabilities had been repaid and an exchange gain was recorded; and the increase of gross profit of the Group in 2023 as compared with 2022 due to effective cost control measures and the increase in revenue of cargo handling business.