China Qinfa Group Limited provided earnings guidance six months ended June 30, 2020. For the period, the Group is expected to record a consolidated net loss attributable to owners of the company for the six months ended June 30, 2020 not more than RMB 70 million, as compared to a net profit attributable to owners of the company of RMB 45 million for the six months ended June 30, 2019. The decline in the Group's financial performance for the six months ended June 30, 2020 was mainly attributable to increase in fixed unit cost due to decrease in production volume. Since the outbreak of COVID-19, the Directors consider the health being of the Group's employees is an important concern and a number of precautionary measures have been implemented such as temporary suspension on the production in February 2020. Therefore, production volume has been decreased inevitably.