Xinyuan Real Estate Co., Ltd. provided earnings guidance for the year 2020. The company strives to achieve contract sales of RMB 20 billion to RMB 22 billion in 2020, with consolidated net income in the range of USD 60 million to USD 80 million. However, the company believes that the COVID-19 outbreak is likely to have a material and extended adverse impact on its operational and financial results for full year 2020.