China-Hongkong Photo Products Holdings Limited announced earnings guidance for the year ended 31 March 2022. For the year, the Group is expected to achieve a net profit attributable to the Shareholders of not more than HKD 20 million for the year ended 31 March 2022 as compared to a profit attributable to the Shareholders of approximately HKD 33.6 million for the corresponding year ended 31 March 2021 (the "Previous Year"). The Board believes such decrease in profit was mainly attributable to: (i) the absence of the non-recurring government subsidies received in the Previous Year under the Anti-epidemic Fund set up by the Government of the Hong Kong Special Administrative Region; (ii) the decrease in the fair value gain on investment properties for the Year; (iii) the provision for long service payment for the Year against the reversal of respective provision for the Previous Year; and (iv) the decrease in the reversal of provision for inventories for the Year.