Shoucheng Holdings Limited provided consolidated earnings guidance for the first half ended June 30, 2023. For the period, the company expects to record revenue of not less than HKD 330 million for the six months ended 30 June 2023 (the 2023 Interim Period), representing a decrease of approximately 60% compared to the corresponding period in 2022. At the same time, the Group expects to record a profit attributable to owners of the Company of not less than HKD 280 million for the 2023 Interim Period, a decrease of approximately 50% compared to the corresponding period in 2022.

The decline in the Group's results was mainly attributable to the unrealized loss recorded by the public offering infrastructure real estate investment trust (REITs) in China measured at fair value through profit or loss under the Group's FIME (which means fundraising, investment, management and exit) business, the unrealized loss is not cash in nature and shall not have any impact on the cash flows nor the normal business operation of the Group.