CNNC International Limited announced earnings guidance for the year ended December 31, 2020. For the year, the Group is expected to record a significant decrease in revenue and gross profit of not less than HKD 1,500 million and HK 8 million respectively, mainly from the supply chain management business, and a reduction of net loss attributable to Shareholders for the 2020 Year to no less than HKD 50 million. The reduction of net loss is mainly due to (i) an expected impairment loss of inventory of approximately HKD 52 million (Amount of inventory impairment in the 2019 Year: Nil), as compared to the impairment loss for the Group's Mongolian Mining Project of approximately HKD 210 million in the 2019 Year; and (ii) the share of profit from an associate of approximately HKD 14 million in the 2020 Year (which covers most of the finance costs for the associated investment), as compared to the share of loss from the associate of approximately HKD 2 million in the 2019 Year.