Xinyi Automobile Glass Hong Kong Enterprises Limited provided earnings guidance for the three months ended 31 March 2020. The consolidated net profit attributable to owners of the Company for the three months ended 31 March 2020 is expected to decrease by more than 90%, as compared with the net profit of HKD 3.4 million for the three months ended 31 March 2019. The decrease is primarily due to the prolonged suspension of the production activities of the lithium battery products of the Group following the Chinese New Year holiday and the delay in product delivery to the Group's customers as a result of the outbreak of the COVID-19. The suspension and the delay have resulted in a significant decrease of 50.2% of the Group's revenue generated from the business segments of battery pack and energy storage system and trading of forklift. As such, the amount of revenue of the Group during the three months ended 31 March 2020 has been decreased by 26.8% and the amount of gross profit of the Group during the same period has also been reduced by 50.8%, as compared to the same for the three months ended 31 March 2019.