Xin Yuan Enterprises Group Limited provided earnings guidance for the year ended 31 December 2022. The company announced that as compared to a net profit of approximately USD 1.7 million for the year ended 31 December 2021, the Group is expected to record a substantial increase in net profit by more than 500% for the year ended 31 December 2022 based on the preliminary assessment of the unaudited management accounts of the Group.