MOG Digitech Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the Group expects to record a revenue, gross profit and profit before taxation of approximately RMB 876.3 million, RMB 256.4 million and RMB64.3 million, respectively, for the Interim Period 2023, representing a significant increase
of approximately 177.1% and 196.7% and a significant turnaround of approximately RMB 120.6 million (six months ended 30 September 2022: loss of approximately RMB 56.3 million), respectively, as compared to the same for the six months ended 30 September 2022. Such significant growth was driven by (i) a significant increase in revenue generated from the Group's digital supply chain financial services due to the increasing demand for financial support from customers to improve working capital efficiency during the post-COVID period; (ii) the contributions from new cooperations conducted by the Group in the areas of digital payment and solutions during the Interim Period 2023; and (iii) a significant increase in revenue generated from the digital retail payment solutions trading business due to the resumption of orders and productions that were initially impacted by the outbreak of COVID-19.