Goodbaby International Holdings Limited provided group earnings guidance for the six months ended June 30, 2022. For the period, the company is expected that the Group may record a net profit not higher than HKD 10 million or a net loss not more than HKD 10 million for the six months ended 30 June 2022, as compared to a net profit of approximately HKD 101 million for the corresponding period in 2021. The above results were primarily attributable to (1) decrease in the Group's revenue in the second quarter mainly driven by ongoing pandemic-related lockdowns in China and global supply chain disruptions; (2) decrease in gross margin primarily caused by continued high input costs and weaker foreign exchange rates, especially Euro against the Chinese Renminbi, partially offset by the Group's products price increases fully completed by the end of the first half of 2022.