Apex Ace Holding Limited provided consolidated earnings guidance for the six months 30 June 2022. For the period, the Group is expected to record a net profit attributable to the Shareholders within a range of HKD 5.0 million to HKD 10.0 million whilst the net profit attributable to Shareholders for the six months ended 30 June 2021 was approximately HKD 26.6 million. The expected decrease in net profit was primarily attributable to the decline in gross profit of the Group resulting from the decrease in gross profit margin from approximately 9.9% for 2021 first half to approximately 4.6% for 2022 first half, which was mainly due to the extent of increase in product costs was more than that of the increase in product selling price of the Group during 2022 first half.