Goodbaby International Holdings Limited provided group earnings guidance for the year ended December 31, 2022. The board of directors of the company inform the shareholders and potential investors of the company that, based on the preliminary assessment of the information currently available including the unaudited management accounts of the Group, it is expected that the Group will record a net profit in the range of approximately HKD 10 million to HKD 50 million for the year ended 31 December 2022 as compared to a net profit of approximately HKD 128 million for the year ended 31 December 2021. While the Group's overall gross margin remained stable, the Group's net profit decreased primarily attributable to decrease in gross profit as a result of decrease in the Group's revenue mainly driven by ongoing pandemic-related lockdowns in China, global supply chain disruptions and overall destocking in the fourth quarter by major retailers in the United States.