CGN New Energy Holdings Co., Ltd. provided unaudited consolidated earnings guidance for the year ended December 31, 2020. For the year, the company expected to record an increase of approximately 45% in the profit attributable to owners of the Company for the year ended 31 December 2020 as compared to that for the year ended 31 December 2019. Based on the information currently available, the Board believes that the expected increase in profit was primarily attributable to the combined effect of the following factors: the increase in operating profit contributed by newly commissioned wind projects and solar projects in the PRC; and the one-off gain on disposal of USD 18,135,000 for the disposal of the Group ' s entire equity interest in Shanghai Meiya Jinqiao Energy Co., Ltd.