Desun Real Estate Investment Services Group Co., Ltd. provided earnings guidance for the six months ended 30 June 2023. For the period, it is estimated that the Group may record a revenue of approximately RMB 133.9 million to RMB 163.7 million as compared with the revenue of RMB 126.0 million for the same period last year, and the Group may record a net profit attributable to the Shareholders of approximately RMB 15.9 million to RMB 19.4 million as compared with the net profit attributable to the Shareholders of approximately RMB 25.8 million for the same period last year. On the basis of prudent principles, the Group performed impairment tests on the carrying amount of trade receivables and others and made reasonable impairment provision, which is expected to have a negative effect on profits for the first half of 2023.

Accordingly, the expected decrease in profits would result in a decrease in the net profit attributable to the Shareholders.