Dalipal Holdings Limited provided earning guidance for the year ended 31 December 2022. Based on a preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2022 (the "Year") and other information currently available to the board of directors of the Company informed shareholders of the company ("shareholders") and potential investors that the Group expects to record a net profit in the range of RMB 145 million to RMB 153 million for the Year, representing an increase in the range of approximately 75% to 85%, as compared with the net profit of approximately RMB82.94 million recorded by the Group for the year
ended 31 December, 2021. The main reasons are as follows: the Group's product export tonnage and export revenue have increased significantly for the Year compared with the corresponding period last year. The Middle East and North Africa markets have been successfully expanded, and the increase in export revenue led to a significant increase in sales revenue; the Group's self-developed and technologically improved high-end products and other innovative achievements continue to expand the market, and the product structure was optimized to improve the overall profitability; the Group actively expanded its customers in the non-oil and gas market, realized the diversification of products and target markets, and at the same time drove the continuous growth of sales revenue; and the company's management team anchored the goals, actively and effectively responded to the impact of the epidemic and unexpected factors, as well as many difficulties and challenges, and achieved positive results.