Sinomax Group Limited provided earnings guidance for the year ended 31 December 2021. For the year, the company expects to record a profit after taxation for FY2021 of not less than HK$20 million as compared to a profit after taxation for the year ended 31 December 2020 of approximately HK$61 million. This was primarily attributable to: the significant increase in transportation costs; increase in the purchase price of raw materials of polyurethane foam in FY2021, as compared with the same period last year; and decrease in government subsidies related to COVID-19 received in FY2020.