China Geothermal Industry Development Group Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 June 2022. For the period, the group expects the net loss for the Period will increase by approximately 29% to 35% from HKD 28,711,000 as recorded for the corresponding period in last year. The incremental in net loss for the Period was primarily due to the decrease in revenue and gross profit margin respectively of shallow geothermal energy utilization business of the Group during the Period.

The epidemic caused the adversity on employee travel mobility of the Group, which had a negative impact on revenue of the Group for the Period.