China HK Power Smart Energy Group Limited provided preliminary unaudited consolidated group earnings guidance for the year ended 31 March 2024. For the year, the group expects a loss attributable to owners of the Company in the range between HKD 110 million to HKD 150 million as compared to a loss attributable to owners of the Company of approximately HKD 167 million for the year ended 31 March 2023 (the FY2023). The board believed that the anticipated improvement in lesser loss is primarily due to: gross profit of approximately HKD 63 million was generated in FY2024 compared to gross loss of approximately HKD 16 million in FY2023; non-recurring loss of disposal of construction in progress approximately HKD 18 million was recognised in FY2024 and one-off provision of penalty expenses approximately HKD 39 million was made in FY2024 in view of the legal proceedings mentioned above.