China Shenghai Group Limited provided earnings guidance for the fiscal year ended December 31, 2021. For the period, the company expects the loss of not less than RMB 60 million as compared to the loss of approximately RMB 31 million recorded for the year ended December 31, 2020. The board considers that such loss was mainly attributable to the decrease in demand from the customers of the group for its products as a result of the outbreak of the 2019 coronavirus disease, which resulted in the decrease in sales volume and profit margin of the products of the group.