Shenguan Holdings (Group) Limited provided earnings guidance for the six months ended 30 June 2020. The company unaudited consolidated management accounts of the Group and the information currently available to the Company, the Group is expected to record a 30% to 50% decrease in profit attributable to the equity owners of the Company for the six months ended 30 June 2020 as compared with the corresponding period in 2019. The Board considers that the decrease in profit for the Reporting Period was primarily attributable to: during the outbreak of the 2019 novel coronavirus disease (COVID-19), customers postponed the resumption of work after the Lunar New Year holiday, which in turn led to decrease in demand of products; the increase in costs of sales due to increase of costs in product development during the Reporting Period; and a provision for relatively aged inventories was made.