Perfect Optronics Limited provided unaudited consolidated group earnings guidance for the three months ended 31 March 2023. For the period, the group expects a consolidated loss attributable to equity holders of the Company within a range of approximately HKD 4 million to HKD 5 million, as compared to a consolidated profit attributable to equity holders of the Company of approximately HKD 23,093,000 for the three months ended 31 March 2022. The expected loss for the Period as mentioned above was primarily attributable to a significant decrease in the Group's sales of health-related products (including rapid antigen test kits for COVID-19, personal hygiene and disinfectant products) and display panels and modules for the Period as compared to the corresponding period in 2022.

The Company understands that the decrease in the Group's sales of health-related products was principally related to Hong Kong's return from having anti-epidemic measures back to normalcy since January 2023, while the decrease in the Group's sales of display panels and modules was principally related to the reduction in supply by the Group's supplier of such products which could be a measure of the supplier to stabilise market prices.