Goodbaby International Holdings Limited provided earnings guidance for the six months ended 30 June 2023. The Group is expected to record a low-teen percentage decrease in revenue for the six months ended 30 June 2023 compared to the corresponding period in 2022 mainly resulting from the lingering impact from industry wide destocking activities by retailers in North America and Europe since the fourth quarter of 2022, it is expected that the Group will record a net profit in a range of approximately HKD 10 million to approximately HKD 40 million for the six months ended 30 June 2023 as compared to a net profit of approximately HKD 2.4 million for the six months ended 30 June 2022.