GDH Guangnan (Holdings) Limited provided earnings guidance for the nine months ending September 30, 2020. For the period, the company expects profit attributable to shareholders to be increased by approximately 60% as compared to the same period in 2019, primarily attributable to the net effect of the significant increase in the price of live pigs during the current period as compared to the same period last year resulting from the African swine fever virus and the tight supply of domestic pigs in China. Therefore, this led to the significant increase in profits recorded by the two associates which are engaged in pig farming and sales of pigs; the increased gross profit per unit of its major product of an associate, Yellow Dragon Food Industry Co. Ltd., as compared to the same period last year, leading to a decrease in loss recorded by this associate in the current period as compared to the same period last year; the decrease in selling price and gross profit per unit of tinplate products, despite of the increase in the sales volume of tinplate products during the current period as compared to the same period last year, leading to a decrease in profit of tinplating business; and the decrease in fair value of investment properties held by the Group.