CRCC High-Tech Equipment Corporation Limited provided earnings guidance for the year ended 31 December 2020. The board of directors of the Company announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the year ended 31 December 2020 (the "Financial Period") and information currently available to the Board, it is expected that the net profit attributable to the owners of the parent of the Company will record a decline of approximately 78% to 95% as compared to RMB 122 million for the year ended 31 December 2019, primarily due to a decline of approximately 25% to 30% of the revenue of the Group for the Financial Period as compared to RMB 2,109 million for the year ended 31 December 2019, and the fixed cost.