Ying Hai Group Holdings Company Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the year, the Group expects to record a significant decrease in loss attributable to the owners of the Company for fiscal year 2023 as compared to that for the year ended 31 December 2022. The Group's loss attributable to the owners of the Company is expected to be not more than HKD 4.0 million for fiscal year 2023, as compared to a loss attributable to the owner of the Company of approximately HKD 12.1 million for fiscal year 2022.

The improvement in results for fiscal year 2023 was primarily driven by a significant increase in revenue and the effect was partially offset by a decrease in other income, gains and losses (net), as a result of a decrease in government grants.