Billion Industrial Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2023. The board of directors of the company informed the shareholders and potential investors of the Company that, based on a preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2023, the company expected that it may record a significant decline in the profit attributable to owners of the company for the six months ended 30 June 2023 by not more than approximately 71% as compared to the same period in 2022. Such decline was primarily attributable to decrease in gross profit margin owing to the combined effect of the decrease in sales unit price and the increase in the cost of sales.