China Silver Technology Holdings Limited provided earnings guidance for the year ended 31 December 2021. For the year, the company expects to record (i) a significant increase in the turnover for the year ended 31 December 2021 ("FY2021") by over 50% as compared to the year ended 31 December 2020 ("FY2020"); and (ii) a significant decrease in the loss attributable to owners of the Company or FY2021 by over 90% as compared to FY2020. The increase in turnover and decrease in loss were principally due to (i) the alleviation of COVID-19 epidemic, resulting in increased orders from customers and general improvements in supply chain environment; (ii) the increased unit price for the sales of the printed circuit board products; (iii) the implementation of cost-control measures; and (iv) the sales of materials and depreciated machineries as part of an upgrade exercise of production facilities.
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