China Feihe Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the Group is expected to record a revenue of approximately RMB 9.58 billion to RMB 9.87 billion, which is comparable to its revenue for the same period last year; and a consolidated net profit of approximately RMB 1.45 billion to RMB 1.75 billion, representing a decrease of approximately 23.2% to 36.4% as compared to its consolidated net profit for the six months ended 30 June 2022. The anticipated decrease in the Group's consolidated net profit for the six months ended 30 June 2023 was primarily due to low birth rate in China, high competitive pressure in the industry and an expected net loss of YuanShengTai Dairy Farm Limited, a subsidiary of the Company.