Raymond Industrial Limited provided earning guidance for the year ended 31 December 2023. The board of directors of the Company informed its shareholders (the "Shareholders") and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2023 and information currently available to the Board, the Group is expected to record an increase in unaudited net profit of approximately 129%, as compared to the audited net profit for the year ended 31 December 2022. The Board believes that the expected surge in the Group's unaudited net profit for the year ended 31 December 2023 was primarily due to (i) improved sales, (ii) increased gross profit margin, and (iii) controlled operating expenses.

major markets, Asia (including Japan and the People's Republic of China) and Latin America, both reported growth in sales.