Zhi Sheng Group Holdings Limited announced earnings guidance for the six months period ended 30 June 2021. For the period the company announced that based on the preliminary assessment of the ("Reporting Period") as compared to the corresponding period last year, mainly attributable to (1) revenue realized from the furniture segment decreased by more than 40% as compared to the corresponding period last year, because the majority of deliveries for sale orders in the corresponding period last year were placed prior to the previous year's epidemic, while during the Reporting Period, the majority of potential customers were cautious in purchasing or postponing the replacement of furniture products, resulting in fewer new sales orders being placed; (2) the Group continued to compete for more furniture sales orders with lower product prices so as to maintain effective operations; (3) loss provisions arising from the disposal of inventory increased as compared to the corresponding period last year; and (4) administrative and other expenses of the furniture segment increased by more than 30% as compared to the corresponding period last year, mainly attributable to the increasing research and development expenses and provision for expected credit loss of the trade receivables.