Confidence Intelligence Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the period, the group expects to record a net loss not more than approximately RMB 12.0 million in the Reporting Period as compared with the Group's net profit of approximately RMB 10.1 million for the year ended 31 December 2021. The net loss for the Reporting Period was mainly due to: revenue for the Reporting Period decreased by approximately 20% to 30% compared with the corresponding period in 2021, which is mainly due to the economic slowdown and disrupted business activities caused by the stricter lockdown measure implemented by the government authorities in response to the resurgence of COVID-19 pandemic in various cities of China; and the gross profit for the Reporting Period decreased by 45% to 55%, which was primarily attributable to the decrease in the revenue while certain fixed cost was unavoidable.