EVA Precision Industrial Holdings Limited provided unaudited earnings guidance for the twelve months ended 31 December 2022. For the period, the group is expected to record a profit for the year ended 31 December 2022 of approximately HKD 202 million to HKD 220 million, representing a year-on-year increase between 30% and 42%. The expected increase in profit is mainly due to the following: (i) a rapid increase in the Group's office automation equipment revenue in Vietnam driven by a surge in orders, which also caused a substantive rise in the utilisation of the production capacity with respect to the Group's Vietnam production facilities; (ii) considerable growth in the Group's automotive component business in Mexico due to a continuous increase in orders; (iii) an increase in both the revenue and overall profitability of the Group's office automation equipment business in Shenzhen as a result of the synergy effect that has been achieved following the acquisition of Shenzhen EVA Technology Intelligent Manufacturing Co.

Ltd. (formerly known as Futaba Metal Products (Shenzhen) Co. Ltd.) in April 2021; and (iv) effective cost control strategies implemented by the Group to manage selling and administrative expenses.