Hyfusin Group Holdings Limited provided unaudited consolidated earnings guidance for the nine months ended 30 September 2023. For the period, the group expected to record a profit attributable to owners of the Company in the range of approximately HKD 110.0 million to HKD 130.0 million for the third quarter of 2023 as compared with that of approximately HKD 53.1 million for the nine months ended 30 September 2022. The Board considers that the above expected increase in profit attribute to owners of the Company was primarily due to the increase in revenue from the new orders from customers of the Group and the increase in gross profit margin benefiting from the decrease in cost of raw materials of the Group.
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