According to the Zhitong Finance App, Yingda Highway Renewable Technology (06888) announced that the Group expects to generate profits attributable to company owners of about HK$12 million for the year ended December 31, 2023, compared to losses attributable to company owners of about HK$32.5 million for the year ended December 31, 2022.

According to the announcement, the expected net profit for the year ended December 31, 2023 is mainly due to the following factors: the Group's operations gradually recovered after the end of the COVID-19 pandemic; the Group expects the total service area of the “in-situ geothermal regeneration” project under the Asphalt Pavement Maintenance Services Division to increase in the year ended December 31, 2023; and the Group expects to obtain accounts receivable and contract asset impairment reimbursement for the year ended December 31, 2023.