Xtep International Holdings Limited provided group earnings guidance for the six months ended 30 June 2020. The Group is expected to record an approximately 45% to 55% decrease in its unaudited consolidated profit attributable to ordinary equity holders of the Company as compared to that for the corresponding period in 2019. Such decrease was primarily due to the following factors: a mid-single digit decline in revenue and an approximately 25% to 30% decrease in segment profit of the core Xtep brand for the Period which were mainly attributable to (a) the reduction on the orders and replenishments from distributors since the outbreak of the 2019 novel coronavirus disease in late January 2020 and the subsequent precautionary measures imposed by the government in Mainland China which has caused general disruptions to the operations of factories and stores; and (b) increased efforts to support the distributors of the core Xtep brand through various subsidies; and a mid-single digit decline in revenue and an approximately 25% to 30% decrease in segment profit of the core Xtep brand for the Period which were mainly attributable to (a) the reduction on the orders and replenishments from distributors since the outbreak of the 2019 novel coronavirus disease (the ``COVID-19'') in late January 2020 and the subsequent precautionary measures imposed by the government in Mainland China which has caused general disruptions to the operations of factories and stores; and (b) increased efforts to support the distributors of the core Xtep brand through various subsidies; and the suspension of the majority of the business operations of the newly acquired brands, K-Swiss and Palladium, in the Americas and Europe since mid-March due to the COVID-19 pandemic.