Tsaker Chemical Group Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2023. For the period, the company expects the net profit of the Group to be not less than RMB 42.5 million, which would represent a decrease by not more than RMB 41.8 million or 49.6%, as compared with that of approximately RMB 84.3 million for the six months ended 30 June 2022. Such decrease was mainly attributable to the significant decrease in the average unit selling price of iron phosphate, the Group's major battery material product, for the six months ended 30 June 2023 as compared with that in the same period in 2022 due to market volatility, which led to the significant decrease in the gross profit of the battery materials segment and in turn resulted in a great adverse impact on the net profit of the Group.