China Water Industry Group Limited provided earnings guidance for the six months ended June 30, 2020. For the six months, the company expected that the Group may record a net profit for the period of not more than approximately HKD 43 million for the First Half of 2020 as compared to the net profit for the period of approximately HKD 49.90 million for the six months ended 30 June 2019. Profit attributable to owners of the Company for the First Half of 2020 is expected to be not more than approximately HKD 2.00 million as compared to profit attributable to owners of the Company approximately HKD 26.30 million in the corresponding period in 2019. Such decrease in profit attributable to owners of the Company for the period was mainly due to the absence of gain on disposal of associates which occurred in First Half of 2019.