Hengdeli Holdings Limited provided earnings guidance for the six months ended 30 June 2023. For the six months ended 30 June 2023, the Company expects to record a loss attributable to its equity shareholders of not less than RMB 1.9 million for the Reporting Period, representing a decrease of 91.7% as compared with a loss attributable to its equity shareholders of approximately RMB 22.9 million for the corresponding period in 2022. The decrease in loss for the Reporting Period was mainly attributable to an increase in gross profit and gross profit margin as a result of fluctuations in price of commodity trading; and the significant drop in inventory provisions and operating costs of the watch business due to the discontinued watch business.