China Hanking Holdings Limited provided earnings guidance for the full year ended December 31, 2020. For the period, the company expects to record a significant increase of approximately 30% in its profit for the Year 2020 as compared to the profit for the year of RMB 296,943,000 for the twelve months ended 31 December 2019. The significant increase in profit for the year was mainly attributable to the substantial increase in the output and sales volume of high-purity iron and the increase in the average selling price of iron ore concentrates.