Chongqing Machinery & Electric Co., Ltd. provided earnings guidance for the six months ended 30 June 2020. The Company expects that the profit attributable to the shareholders of the Company for the six months ended 30 June 2020 will decrease by approximately 30%-35% as compared to the same period in 2019. The decrease is mainly attributable to the significant decline in the gain on assets disposal (mainly the gain on land disposal) in this period as compared to the corresponding period of last year while there had been improvement in the operation quality of the Company.