Shanghai Electric Group Company Limited provided interim earnings guidance for the 30 June 2021. For the period, the company expected based on the preliminary review by the financial department of the Company, the Company is expected to incur a net loss attributable to shareholders of the Company for the first half of 2021 instead of a net profit for the corresponding period of last year. The net loss profit attributable to shareholders of the Company for the first half of 2021 is expected to be between RMB 4.79 billion to RMB 4.99 billion. The net profit attributable to shareholders of the Company after deducting non-recurring gain or loss for the first half of 2021 is expected to be around RMB 5.60 billion to RMB 5.80 billion. Based on the above loss accrual principles, for the first half of 2021, the amount of expected credit losses of accounts receivable of SECT is between RMB 5.4 billion and RMB 5.5 billion, the amount of inventory impairment is between RMB 1.85 billion and RMB 1.95 billion, with total expected impairment losses between RMB 7.25 billion and RMB 7.45 billion being accrued. The net profit attributable to shareholders of the Company for the first half of 2021 would be between RMB 1.52 billion and RMB 1.62 billion if such impact is excluded.