Jin Mi Fang Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the period, the company expected to record an increase in net loss for FY2024 as compared to that for the year ended 31 March 2023. The Group's net loss is expected to be not more than HKD 33.0 million for FY2024, as compared to a net loss of approximately HKD 22.3 million for FY2023.

Based on the information currently available, the Board considers that the expected increase in net loss for FY2024 as compared to that for FY2023 was mainly attributable to (i) increase in cost of inventories sold; (ii) one-off impairment loss recognised in respect of right-of-use assets; (iii) one-off impairment loss recognised in respect of property, plant and equipment; and (iv) increase in administrative and operating expenses during FY2024. The effect was partially offset by increase in revenue during FY2024.