Zhonghua Gas Holdings Limited provides earnings guidance for the three months ended 31 March 2022. the Group is expected to record a significant reduction in net loss after tax by 74.8% from approximately RMB 50.2 million for the corresponding period in 2021 to approximately RMB 12.6 million for the 2022 First Quarter. Such decrease was mainly attributable to (i) a decrease in allowance for impairment of trade receivables from approximately RMB 61.2 million for the corresponding period in 2021 to approximately RMB 9.0 million for the 2022 First Quarter, which was due to no significant increase in overdue trade receivables balance as at 31 March 2022 when compared to as at 31 December 2021; and (ii) that the decrease in net loss was offset by a fair value losses of convertible bonds of approximately RMB 2.1 million for the 2022 First Quarter (corresponding period in 2021: fair value gains of approximately RMB 10.2 million).