Yongsheng Advanced Materials Company Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects the profit attributable to Shareholders for the Period is expected to increase by approximately 60% to approximately RMB18.4 million as compared to approximately RMB11.2 million in the corresponding period in 2022. Such improvement was mainly attributable to (i) the increase in rental revenue derived from the property investment segment of the Group as the overall business environment improved along with the relaxation of COVID-19 pandemic control measures; and (ii) the increase in gross profit derived from the dyeing and processing of differentiated polyester filament fabric segment of the Group due to the fast growth in revenue and decrease in raw material cost of such segment.