China Saftower International Holding Group Limited provided consolidated earnings guidance for the six months Ended 30 June 2022. For the period, the company expected to record a net loss of approximately RMB 13.0 million for six months of 2022, representing an increase in net loss of approximately RMB 7.6 million as compared to a net loss of approximately RMB 5.4 million for the six months ended 30 June 2021. The increase in net loss for six months of 2022 was mainly attributable to the substantial increase in cost of raw materials, which caused the Group recording a gross loss of approximately RMB 6.0 million during six months of 2022.