China Huirong Financial Holdings Limited provided the earning guidance for the six months ended 30 June 2020. For the period, the company expects a significant decrease in revenue of approximately 21% to 24% for the six months ended 30 June 2020 as compared to the revenue for the six months ended 30 June 2019; and a significant decrease in profit attributable to equity holders by approximately 95% to 98% for the six months ended 30 June 2020 as compared to the profit attributable to equity holders for the six months ended 30 June 2019. The decrease in revenue for the six months ended 30 June 2020 was primarily due to (i) the slowdown in the Group's business operations as a result of the recent outbreak of the coronavirus globally (the Virus Outbreak); and (ii) the increased competition from commercial banks brought by the PRC government's policy to promote inclusive financing as a part of the relieving measures for the Virus Outbreak's negative impact on local economy.