Baylin Technologies Inc. provided revenue guidance for the year 2022. Despite improved financial performance in the first quarter of 2022, the Company's business continues to face challenges brought about by the COVID-19 pandemic, in particular material shortages and increased material costs due to supply chain disruptions, which are causing delays in both productions and deliveries of products as well as push-outs of orders from customers. Although the company expects these disruptions will begin to ease over the second half of 2022, the possibility remains that the ongoing war in Ukraine and COVID-related lockdowns in China could exacerbate supply chain disruptions in the near term.

Despite these continuing challenges, the company continue to expect that 2022 will show improvements in revenue over 2021.