Sun Kong Holdings Limited provided consolidated earnings guidance for the nine months ended December 31, 2022. For the period, the group is expected to record a net loss of approximately HKD 4.7 million as compared to a net loss of approximately HKD 0.8 million for the nine months ended 31 December 2021. Since 2022, economic downturn and epidemic-induced cross-boundary transportation disruptions posed significant drags to logistic sector.

The market demand for diesel oil from cross-boundary transportation sector was significantly reduced. Furthermore, purchase cost of diesel oil remained at high level and directly creates pressure on the operating cash flow.