Zhonghua Gas Holdings Limited provided unaudited consolidated earnings guidance for the third quarter and nine months ended 30 September 2022. For the period, the group is expected to record a significant reduction in net loss after tax by approximately 71.7% from approximately RMB 146.3 million for the corresponding period in 2021 to approximately RMB 41.3 million for the 2022 Third Quarter. Such decrease was mainly attributable to a decrease in allowance of impairment on trade receivables from approximately RMB 139.0 million for the corresponding period in 2021 to approximately RMB 14.4 million for the 2022 Third Quarter, which was due to no significant increase in overdue trade receivables balance as at 30 September 2022 as compared to as at 31 December 2021; and that the expected decrease in net loss was offset by a fair value losses of convertible bonds of approximately RMB 5.5 million for the 2022 Third Quarter .

On the other hand, the revenue of the 2022 Third Quarter is expected to decrease by approximately 60.2% as compared to corresponding period in 2021 . Such decrease was due to the outbreak of novel coronavirus pandemic in some locations in the People's Republic of China in the first half year of 2022, which led to a decrease in sales in certain liquefied natural gas supply locations. In addition, gross loss of approximately RMB 6.3 million is expected to be recorded for the 2022 Third Quarter which due to the intense price competition and price fluctuation of LNG which led to a thin margin and that could not cover the fixed cost.