China Come Ride New Energy Group Limited provided consolidated earnings guidance for the year ended 31 March 2023. For the period, the group is expected to record a loss of approximately HKD 6.1 million as compared to a profit of approximately HKD 0.6 million for the year ended 31 March 2022. The increase in the Group's loss was mainly due to the increase in material and labour costs resulting in the decrease of gross profit margin; the increase of the administrative expenses during the year ended 31 March 2023; and the loss allowance on ECL and contract assets which was not a factor for the year ended 31 March 2022.