Zhonghua Gas Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the year, the company expects increase in net loss after tax by 7.6% from net loss after tax of approximately RMB 3.7 million for the year ended 31 December 2022 to net loss after tax of approximately RMB 4.0 million for the Current Year. Such increase in net loss after tax was mainly attributable to an impairment loss on property, plant and equipment of approximately RMB 25.9 million (for the year ended 31 December 2022: nil) because the operation of one of the Group's major LNG station in Tianjin was suspended since October 2023 due to the customer's heat supply station on the route of the nationwide natural gas network conversion project.

And it was offset by a reversal of allowance of impairment on trade receivables of approximately RMB 66.7 million (for the year ended 31 December 2022: approximately RMB 29.4 million), which was due to the recovery of certain long outstanding trade receivable balance in 2023.