Ruixin International Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the period, the company expected to report an estimated loss of around HKD 35.0 million as compared with the loss of approximately HKD 25.4 million for the six months ended 30 June 2022 (the "Corresponding Period"). The estimated increase in the loss for the Reporting Period was mainly due to the increase in the operating loss for the electronic products business, which may be attributed to, among others, (i) the decrease in revenue mainly due to the rapid advancement in the industry and certain orders were lost as the Group's products were unable to meet the new specifications of those customers; (ii) the decrease in gross profit mainly due to additional compensations made to certain customers for their rework charges to modify the Group's products to meet their requirements; and (iii) one-off expenses in administrative costs to safeguard the disclosure of the Group's knowhow to its competitors.