Neo-Neon Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the period, the company expects profit to decrease more than approximately 40% as compared with the previous financial year. Such expected decrease in profit is mainly attributable to: the increase in selling and distribution expenses as compared with the previous financial year resulting from the inflation, exchange rate fluctuations and the increase in the promotion expenses of new products and the building fees of high margin channels; and the increase in administrative expenses as compared with the previous financial year resulting from the inflation in the United States, exchange rate fluctuations and the higher provisions.