CPM Group Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company would record a loss attributable to the Shareholders for the FY2021 in the amount between HKD 58.0 million and HKD 65.0 million, as compared with the same of HKD 10.8 million for the year ended 31 December 2020. Although the estimated revenue amount of the Group during the FY2021 grew by approximately 18%, the loss attributable to the Shareholders for the FY2021 is expected to increase significantly, which was primarily due to the decrease in the amount of the gross profit, as well as the gross profit margin, as a result of the significant increases in the international crude oil prices and the prices of a wide range of crude oil by-products; and the general increases in the costs of raw materials and the general price levels due to the economic recovery in Mainland China during the
year of 2021. In addition, the absence of the gain on deposits paid for purchases of property, plant and equipment of HKD 9.35 million for the FY2021 also increased the loss attributable to the Shareholders for the FY2021.