Raymond Industrial Limited provided earnings guidance for the year ended December 31, 2021. Based on the preliminary review of the unaudited financial results of the Group for the year ended 31 December 2021, the Group is expected to record a decline of approximately 35% in net profit for the year ended 31 December 2021 as compared to the audited net profit for the year ended 31 December 2020. The expected decline in unaudited net profit for the year ended 31 December 2021 were mainly attributable to (1) appreciation in RMB for the last twelve months resulting in unfavorable RMB exchange rate; and (2) increasing raw material costs and transportation costs.