Alltronics Holdings Limited provided earnings guidance for year ended December 31, 2022. For the year, the group expects to record an increase in the profit attributable to owners of the Company by a range of approximately 55% to 65% when compared with that of HKD 69.3 million for the year ended 31 December 2021. The expected increase in the net profit attributable to owners of the Company for the year ended 31 December 2022 was primarily due to an increase in overall gross profit margin, which was primarily due to the Group's continued effort to tighten controls over production costs and overheads; an increase in the proportion of sales of products which generally have higher average profit margins; and the reversal of product warranties of approximately HKD 31.3 million during the year.