Perfect Group International Holdings Limited provided group earnings guidance for the year ended 31 December 2022. For the year, the company expected to record a decrease in the net profit of not more than 35% as compared to the net profit for the year ended 31 December 2021. Such decrease is mainly due to a significant increase in the impairment provision resulting from the trade receivables in the PRC, a reduction of fair value gain upon transfer of properties held for sale to investment properties and the impacts are partially offset by a reduction of estimated land appreciation tax in the PRC.