Hong Kong Aerospace Technology Group Limited provided earnings guidance for the year ended 31 December 2021. The Group is expected to record an estimated net loss of not more than RMB 60 million for the financial year ended 31 December 2021 (the ``FY2021'') as compared to a net profit of approximately RMB 17.3 million recorded for the financial year ended 31 December 2020. The estimated net loss was primarily attributable to the additional administrative expenses incurred in the aerospace businesses and the decrease in gross profit in the electronics manufacturing services business for the FY2021.

The decrease in gross profit in the electronics manufacturing services business for fiscal year 2021 was mainly caused by the increase in the cost of raw materials.