Lung Kee (Bermuda) Holdings Limited provided earnings guidance for the six months ended June 30, 2022. For the period, the company is expected to record a decrease of not less than 60% of net profit for the six months ended 30 June 2022 as compared to the net profit of approximately HKD 108 million recorded for the six months ended 30 June 2021. The decrease is mainly due to the decrease of the Group's sales revenue as the reduction of aggregate purchase orders in the market caused by the outbreaks of the pandemic in certain regions of China coupled with the increase of raw material costs and the relatively fixed operation costs resulted in the decrease in the Group's revenue and net profit.