Golden Power Group Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects to record a net loss within the range of HKD 10 million to HKD 12 million for the Period, as compared to a net loss of approximately HKD 6.6 million for the six months ended 30 June 2022. The Board believes that the net loss for the Period is mainly attributable to (i) the decline in turnover in the first quarter of 2023, (ii) the depreciation of Renminbi (RMB) against Hong Kong Dollar, which led to the Group recording a foreign exchange loss during the Period, as the reporting currency of the Group is in Hong Kong Dollar, while a substantial part of the Group's assets is denominated in RMB; and (iii) the increase in finance expenses arising from the increase in interest rate.