China Display Optoelectronics Technology Holdings Limited provided earnings guidance for the year ended 31 December 2023. For the period, the company expects to record at least a 90% decrease in the profit attributable to owners of the parent of the Company for the period as compared to the profit attributable to owners of the parent of the Company of RMB 169.0 million for the year ended 31 December 2022, which is mainly due to: factors including uncertainties over the global economy and downturn in the mobile phone markets resulted in the decrease in the sales volume of the Group and exerted pressure on the Group's average selling price and gross profit margin; and as a result of exchange rate fluctuations during the Relevant Period, the Group recorded realised losses on derivative financial instruments (such as forward currency contracts which are used to hedge the Group's foreign currency risk and interest rate risk) of approximately RMB 50 million.