Honbridge Holdings Limited provided earnings guidance for the year ended 31 December 2022. The Group is expected to record approximately HKD 137 million revenue for the year ended 31 December 2022 ("Year Ended 2022"), decreased by approximately 71% when compared to the approximately HKD 479 million revenue for the year ended 31 December 2021 ("Year Ended 2021"). The substantial decline in revenue was mainly due to the substantial decrease in lithium-ion batteries orders from major customer.

While the new battery product has commenced mass production ahead of the schedule, product delivery to a car model under a connected person of the Company was only started in mid- June 2022.