Tianjin Port Development Holdings Limited provided earnings guidance for the year ended 31 December 2022. The company expects that the Company and its subsidiaries will record a decrease of approximately 60% to 70% in the profit attributable to the Shareholders for the year ended 31 December 2022 as compared with that of HKD 923 million for the year ended 31 December 2021. The decrease was mainly due to (i) an exchange loss arising from the Hong Kong dollars denominated liabilities held by the Group resulting from the depreciation of Renminbi against Hong Kong dollars in 2022 while an exchange gain was recorded in 2021; and (ii) a one-off gain was recorded from the disposal of interest in a subsidiary by the Group in 2021 while no similar disposal made in 2022.