Yashili International Holdings Ltd. provided consolidated earnings guidance for the first six months of 2022. The group expects to record a loss of not more than RMB 195 million for the first six months of 2022, which is mainly attributable to: (a) the COVID-19 pandemic situations in the People's Republic of China which adversely affected the market; and (b) the increase in production costs as a result of the rising costs of milk powder as raw materials.