Huabao International Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2023. For the period, the revenue and gross profit of the Group for the Period are expected to decrease by approximately 17% and 27% respectively to approximately RMB 1,540 million, and RMB 709 million. Group is expected to record a profit before tax, including impairment on goodwill and other assets, of approximately RMB 238 million to RMB 291 million for the Period whereas the Group recorded a loss before tax of approximately RMB 127 million.