China Sunshine Paper Holdings Company Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the company is expected that the Group will record an increase of not less than 70% in its consolidated net profit attributable to the shareholders for the Relevant Period as compared to that for the corresponding period in 2019. Based on the information currently available, the Board considers that the significant increase in the consolidated net profit for the six months ended 30 June 2020 was primarily attributable to the decrease in purchase cost of raw materials, which in turn ledto a significant increase in the Group's gross profit and gross profit margin for the relevant period.