Hengdeli Holdings Limited provided consolidated earnings guidance for the financial year ended December 31, 2020. For the year, the company expects to record a loss attributable to its equity shareholders of not less than RMB 380 million for the financial year ended 31 December 2020, versus a loss attributable to its equity shareholders of approximately RMB 332.5 million for the corresponding period in 2019. The expected increase in loss was mainly due to the decrease of revenue affected by the economic environment, the inventory provisions, the impairment of property, plant and equipment, and the loss on the disposal of a retail subsidiary.