China Anchu Energy Storage Group Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. The board of directors expected that the Group would record a loss attributable to the shareholders of the Company for the Period of not less than approximately RMB 40.0 million as compared to the loss attributable to the shareholders of the Company of approximately RMB 3.6 million for the six months ended 30 June 2022. The expected increase in loss is mainly attributable to the combined effects of (i) the decrease in Group's gross profit margin of industrial products segment due to the fierce competition faced by the industrial products segment and pressure on the prices of the Group's industrial products in the Period; and (ii) an increase in an allowance for expected credit losses on trade receivables under IFRS9 ``Financial Instruments'' as such trade receivables are long-aged and therefore considered impaired.