Fufeng Group Limited provided consolidated earnings guidance for the six months ended 30 June 2024. The company is expected that the group may record a decrease in net profit for the six months ending 30 June 2024 (the 2024 interim period) ranging approximately RMB 450 million to RMB 600 million as compared to the net profit of approximately RMB 1.5 billion for the six months ended 30 June 2023. The board considers that such an expected decrease in net profit is mainly attributable to the decrease in the market selling prices of major products of the Group which led to the decrease in the gross profit and in turn the net profit of the Group.