Xinte Energy Co., Ltd. provided earnings guidance for the six months ended 30 June 2020. Based on the preliminary assessment of the unaudited consolidated management accounts for the six months ended 30 June 2020 and the information currently available, the Group is expected to record an unaudited profit attributable to owners of the Company of no more than RMB 5 million for the First Half of 2020, as compared to the profit attributable to owners of the Company of RMB 235.49 million recorded for the corresponding period in 2019. The Group's expected decrease in profit was mainly due to the fall of the sales price of polysilicon, the average sales price of polysilicon of the Group was approximately RMB 5.21/kg (tax exclusive) in the First Half of 2020, representing a drop of approximately 17.17% compared with approximately RMB6.29/kg (tax exclusive) in the corresponding period in 2019 and the reduction of the Group's engineering and construction contracting business scale which was affected by the outbreak of the COVID-19 epidemic.