Zhixin Group Holding Limited provides unaudited consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expected that the Group will record a net profit ranging from approximately RMB5.0 million to RMB 10.0 million for the year ended 31 December 2023 as compared with the net profit of approximately RMB 1.3 million for the year ended 31 December 2022. Such increase is mainly attributable to the increase in revenue derived from the production line with annual processing capacity of 3 million tons of iron ore tailings which was put into production commencing from May 2023, partially offset by the decline in revenue and gross profit from the sales of ready-mixed concrete and precast concrete components.