According to the Zhitong Finance App, Yingde Holdings (08535) announced that the Group expects the total comprehensive profit and overall income attributable to shareholders for the nine months ending December 31, 2022 to about HK$8.9 million, or 60.2%, that is, from about HK$14.8 million in the nine months ending December 31, 2021, to about HK$5.9 million in the reporting period.

According to the announcement, the change was mainly due to the following matters, including a decrease in revenue from installation service projects that were completed or were generally in the completion stage during the reporting period and that only a small amount of work was carried out on new projects that were still in the early stages, which led to a reduction in gross profit generated by the Group's core business by about HK$24.6 million. Further, as revealed in the announcement of Chengru Company dated June 17, 2021 and December 31, 2021, it was proposed that the company's shares be transferred from GEM on the Stock Exchange to the main board listing and that the company did not continue to apply as disclosed in the announcement dated June 28, 2022 Listing expenses incurred during the reporting period were offset by a decrease of approximately HK$10.3 million and a reduction in income tax expenses of approximately HK$4.3 million due to a reduction in taxable income (net of deductions).