Sunray Engineering Group Limited provided earnings guidance for the three months ended 30 June 2022. For the period, the Group is expected to record a decrease in net profit from approximately HKD 3.2 million to approximately HKD 0.6 million for the three months ended 30 June 2022. The expected decrease in net profit of the Group was mainly attributable to the combined effect of (i) a decrease in gross profit from approximately HKD 15.0 million for the three months ended 30 June 2021 to approximately HKD 12.6 million for the three months ended 30 June 2022 as a result of the increase in material costs and direct staff costs for new projects; (ii) the negative impact arising from the constant spread of COVID-19 pandemic worldwide, leading to postponement and/or slowdown in certain construction projects in Hong Kong and Macau; and (iii) an increase in administrative expenses arising from the increase in staff costs.