Huazhong In-Vehicle Holdings Company Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. The board expected to record the net profit by approximately RMB 56 million as compared to the net profit of approximately RMB 117 million for the year ended 31 December 2022. Based on the information available to the Board, the Board considers such expected decrease was mainly attributable to a decrease in the other income and gains and an increase in the R&D expenses.