Mulsanne Group Holding Limited provided earnings guidance for the six months ended June 30, 2023. For the period, the group expected that the profit after tax would range from RMB 25.0 million to RMB 30.0 million, as compared to the profit after tax of RMB 4.2 million for the corresponding period in 2022. The major reasons for such increase in profit after tax include: recovery of offline consumer consumption coupled with the improvement in operational efficiency of offline retail channels; successful implementation of the Group's brand promotion initiatives; and tightened product discount and cost management.