South China Holdings Company Limited provided earnings guidance for the year ended 31 December 2022. The Group expects to report an increase in profit for the year ended 31 December 2022 by almost 100% as compared with the audited results for the year ended 31 December 2021. This is mainly attributable to the improvement in the operating profit of the Group's toy manufacturing business with higher efficiency in overall production cost control and gain on disposal of a subsidiary recognised during the Year, outweigh the adverse impact of fair value loss on investment properties.

The overall financial, business and trading positions of the Group remain healthy.