Xinyi Electric Storage Holdings Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the company expects consolidated net profit attributable to owners of to increase significantly by 300% to 330% to the range between HKD 21.6 million and HKD 23.2 million, as compared to the Net Profit of HKD 5.4 million for the six months ended 30 June 2021. Such significant improvement is principally due to the increase in sales revenue and gross profit attributable to the engineering, procurement and construction services business.