AV Concept Holdings Limited provided group earnings guidance for the year ended 31 March 2023. For the year, the group is expected to record a decrease in consolidated profit attributable to owners of the Company by not less than 80% for the Year, as compared to that of approximately HKD 231.0 million for the year ended 31 March 2022. It is expected the aforesaid decline in consolidated profit attributable to owners of the Company was mainly attributable to, among others, a decrease in revenue due to decrease in demand of semiconductor components in the market; a decrease in gross profit as a result of decrease in revenue and due to the market fluctuation for semiconductor industry, there has been a decline in the gross profit margin; and a decrease in share of profits and losses of joint ventures and associates as compared to that for the year ended 31 March 2022 primarily resulting from poor performance of the joint venture during the Year.