Changsha Broad Homes Industrial Group Co., Ltd. provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. For the period, the company expects loss of approximately RMB 250 million to RMB 350 million, as compared to the profit of approximately RMB 47.165 million for the same period of last year, which was mainly due to the fact that during the Period, the revenue from prefabricated PC units of the subsidiaries in the Beijing-Tianjin-Hebei region and the Yangtze River Delta region decreased by nearly 40% as compared to the same period of last year as a result of the pandemic of COVID-19; with the gradual completion of the strategic layout of joint factories across the country, the demand of PC equipment by these factories decreased and the revenue from PC equipment decreased by nearly RMB 200 million as compared to the same period of last year; increase in bad debt provision; and the fair value of financial assets at fair value through profit or loss decreased as a result of the industry environment.