Weiqiao Textile Company Limited provided earnings guidance for the six months ended June 30, 2020. The company announced that, based on the unaudited management account, it is expected that there would be a significant decrease in the interim results of the Group for the six months ended 30 June 2020 as compared to the corresponding period of 2019, the main reasons for which are as follows: in the first half of 2020, under the adverse impact of the global COVID-19 epidemic, the domestic and overseas textile markets continue to weaken, leading to an overall decline in the demand for textiles. The sales volume of the Group's cotton textile products recorded a year-on-year decrease, and the sales prices also dropped as compared to the same period of last year; and in the first half of 2020, despite maintaining profitability, the Group's electricity business recorded a year-on-year decrease in the sales volume of electricity under the impact of the Epidemic.