Q P Group Holdings Limited provided group earnings guidance for the year ended 31 December 2023. The Group is expected to record a consolidated profit attributable to equity holders of the Company in the range of approximately HKD 77.0 million to HKD 85.0 million for the year ended 31 December 2023 as compared to that of approximately HKD 126.8 million for the year ended 31 December 2022. The Board considers that such decrease was primarily attributable to the decrease in revenue from the Group's original equipment manufacturer ("OEM") sales for fiscal year 2023 as compared to that for fiscal year 2022, which was mainly caused by the reduced demand for products from some of major OEM customers as a result of weakened consumption sentiment due to continuing inflationary pressures in major markets and the slowdown in global economic growth in fiscal year 2023.

Despite the decrease in the Group's revenue from OEM sales, the Group's revenue from web sales remained stable for fiscal year 2023.