GOME Retail Holdings Limited provided earnings guidance for the year ended 31 December 2020. The company expected the sales revenue of 2020 is expected to decline by approximately 23% to 29% compared with the corresponding period last year. The Group's loss attributable to owners of the parent during the Reporting Period is expected to be between RMB 6,500 million and RMB 7,200 million (including goodwill impairment amounted to approximately RMB 1,500 million to RMB 2,500 million on some businesses which did not meet expectations), compared with a loss of RMB 2,590 million for the corresponding period last year. In addition, as of 31 December 2020, the Group's cash and cash equivalents are expected to be approximately RMB10,000 million.