Perfectech International Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record an increase in its consolidated net loss for the six months ended 30 June 2021 in the range of 50% to 65% as compared to the six months ended 30 June 2020. a decrease in gross profit and gross profit margin as a result of, among others, the increase in the costs of raw materials, costs of subcontracting and social insurance for the production staff in the People's Republic of China (the ``PRC''); an increase in net foreign exchange loss as a result of the appreciation of Renminbi; and an increase in administrative expenses as a result of, among others, an increase in staff costs and social insurance for the administrative staff in the PRC.