Zhongtian Construction (Hunan) Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2023. For the period, the company expects to record a decrease in net profit attributable to owners of the Company by approximately 30.0% as compared to approximately RMB 64.5 million in previous year. The major reason for the decrement in profit for the year ended 31 December 2023 was attributable to increase in provision for impairment loss on trade receivables and contract assets in response to the deterioration of China real estate market environment in 2023.