Solomon Systech (International) Limited provided consolidated earnings guidance for the year ended 31 December 2023. For the period, the group is expected to record an unaudited consolidated profit attributable to shareholders ranging between approximately USD 18.5 to USD 19.5 million, representing a decrease of approximately 33.5% to 29.9% as compared with that of approximately USD 27.8 million for the year ended 31 December 2022. The main reasons for the decrease in unaudited consolidated profit attributable to shareholders in the year 2023 were because of (i) the decrease in sales revenue which was mainly due to the decrease in average selling price of the Group's products, and (ii) the decrease in gross profit and gross margin, which was mainly due to the decrease of average selling price which was disproportionate to some of the costs of the Group's products.