Heng Hup Holdings Limited provided earnings guidance for the year ended 31 December 2021. For the year, the company expects to record an increase of approximately 180% to 190% for the year ended 31 December 2021 as compared to the net profit for the corresponding period in 2020. The substantial increase in net profit of the Group for the year ended 31 December 2021 is primarily attributable to the following factors including: high market demand of the steel products; risen price of the steel products during the year ended 31 December 2021 compared with the corresponding period in 2020; and continued enhancement in the procurement and operational efficiency of the Group.