Ruixin International Holdings Limited provides earnings guidance for the year ended 31 December 2022. the Group is expected to report an estimated loss of around HKD 56.0 million for the year ended 31 December 2022 (the "Reporting Period"), as compared with the loss of approximately HKD 54.2 million for the year ended 31 December 2021 (the "Corresponding Period"). The estimated increase in the loss for the Reporting Period was mainly due to, among others, the increase in the operating loss and the decrease in net gain on disposal of property, plant and equipment ("PPE"), which is partly offset by the decrease in imputed interest expenses and the reduction in impairment loss on PPE and right-of-use assets.

The increase in the operating loss for the Reporting Period was mainly due to, among others, the decrease in revenue resulting from a shrink in orders for the Group's electronic components amid growing global inflation concern and as some of the giant consumer products manufacturers temporarily halted certain procurement orders according to their swelling inventories on hand.