Perfect Optronics Limited provided earnings guidance for the six months ended 30 June 2022. For the period, the Group is expected to record a turnaround of its results from loss to profit making for the six months ended 30 June 2022 by recording a consolidated profit attributable to equity holders of the Company within a range of approximately HKD 2 million to HKD 3 million, as compared to a consolidated loss attributable to equity holders of the Company of approximately HKD 3,032,000 for the six months ended 30 June 2021. The abovementioned consolidated profit expected to be recorded for the Period was primarily attributable to a significant increase in the profit generated from the Group's sales of health-related products (including personal hygiene and disinfectant products, rapid antigen test kits for COVID-19) for the Period as compared to the corresponding period in 2021.

The positive effect of the aforementioned factor was however substantially offset by (i) an expected fair value loss on the Group's financial asset at fair value through profit or loss for the Period of approximately HKD 18 million in respect of its investment in Mobvoi Inc. mainly related to (among others) the deterioration of the capital market conditions, as compared to the fair value gain on the Group's financial asset at FVTPL of approximately HKD 511,000 recorded for the six months ended 30 June 2021; and (ii) the expected decrease in the revenue from the sales of the Group's display products during the Period as compared to the corresponding period in 2021. The Group recorded a consolidated profit attributable to equity holders of the Company of approximately HKD 23 million for the three months ended 31 March 2022. The Group still expects to record a consolidated profit attributable to equity holders of the Company for the Period despite a consolidated loss expected to be recorded for the three months ended 30 June 2022.