China Ocean Industry Group Limited provided consolidated earnings guidance for the six months ended June 30, 2020. For the six months ended 30 June 2020, the company expected the loss attributable to the owners of the company record in its interim results for the six months ended 30 June 2020 may be substantially decreased by not less than 50%, as compared to that of the Group of approximately HKD 302.02 million for the six months ended 30 June 2019. The possible decreased loss was mainly attributable to the sharply decreased in finance costs.