Kiddieland International Limited provided consolidated earnings guidance for the year ended April 30, 2022. For the year, the company expected to record a loss of approximately HKD 65.0 to HKD 70.0 million for the Current Year as compared to the net profit of approximately HKD 6.6 million for the Last Year. The loss expected to incur by the Group in the Current Year was mainly attributable to (i) the decrease in revenue as a result of the escalated transportation cost per unit borne by targeted customers; (ii) the increase in raw material price; (iii) the currency appreciation of RMB against HKD and USD, which increased the operating cost of the Group's operations in the PRC; (iv) the impairment losses on property, plant and equipment and other receivable; and (v) the increase in staff costs due to the absence of one-off non-recurring government subsidies in Hong Kong and the PRC in the Current Year.