Shougang Concord Grand (Group) Limited provided earnings guidance for the year ended 31 December 2020. For the period the company expected that the Group would record a profit after tax for the Year of not less than HKD 15,000,000, when compared to a profit after tax of approximately HKD 583,000 for the year ended 31 December 2019. It is also expected that the profit attributable to Shareholders of the Company for the Year will not be less than HKD 5,000,000 when compared to a loss attributable to the Shareholders of the Company for the year ended 31 December 2019, achieving a turnaround from loss to profit.