China Hongguang Holdings Limited provided earnings guidance for the six months ended 30 June 2020. Based on the preliminary review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2020 and the information currently available to the Board, the Group is expected to record a significant decrease in net profit for the Period by approximately 90% as compared to the net profit for the corresponding period in 2019. The decrease in net profit for the Period was primarily attributable to the significant decline in revenue by approximately 37% for the Period as compared to that in the Corresponding Period due to the impact of the outbreak of the novel coronavirus since the beginning of 2020, which has caused postponement in resuming the Group's production and operation as well as postponement of project schedule and order execution of customers of the Group.