Beisen Holding Limited provided earnings guidance for the six months ended 30 September 2023. For the period the company expects to record (i) a revenue in the range of approximately
RMB389.4 million to approximately RMB413.9 million for the six months ended 30 September 2023, representing an increase of more than 11.0%, as compared to the revenue of approximately RMB350.8 million for the same period in 2022; and (ii) a loss attributable to the owners of the Company in the range of approximately RMB2,898.9 million to approximately RMB3,204.1 million for the six months ended 30 September 2023, as compared to a loss attributable to the owners of the Company of approximately RMB162.8 million for the same period in 2022. The increase in
loss attributable to the owners of the Company was mainly due to the increase in loss from changes in fair value of the Company's redeemable convertible preferred shares and the increase in share-based payments in the range of approximately RMB2,812.9 million to approximately RMB3,110.1 million. The decrease in the adjusted net loss as well as the increase in adjusted gross profit were mainly due to the following factors: (i) the continuous increase in the Group's revenue, specially the revenue generated from subscriptions to the Cloud-based Human Capital Management ("HCM") solutions. The revenue generated from subscriptions to Cloud-based HCM solutions is expected to increase to approximately RMB282.3 million to approximately RMB312.5 million for the six months ended 30 September 2023, accounted for approximately 72.5% to 75.5% of the total revenue; and (ii) the enhancement of costs control. Starting from 2023, in response to the changes in industry and markets, the Company has taken proactive cost control measures to improve the efficiency of the service team while maintaining the health and sustainability of the business growth.