Goodbaby International Holdings Limited provided group earnings guidance for the year ended 31 December 2023. For the year, the company is expected that the Group will record a net profit of approximately HKD 200 million as compared to a net profit of approximately HKD 40.1 million for the corresponding period in 2022. The increase in net profit was primarily attributable to increase in gross profit which was mainly a mixed result of strong improvement in gross margin driven by improvement in sea freights, favorable revenue mix, manufacturing cost saving and favorable foreign exchange rate fluctuations, partially offset by increase in operating expenses, increase in net interest cost due to interest rate hikes by the U.S. Federal Reserve and change in income tax.