Dongguang Chemical Limited provided earnings guidance for the year ended 31 December 2020. For the year, the Group is expected to record a decrease in net profit by about 20% for the year ended 31 December 2020 as compared to the year ended 31 December 2019. The decrease in net profit of the Group was mainly due to the decrease in overall gross profit and gross profit margin. The decrease in overall gross profit and gross profit margin was primarily due to the decrease in revenue from the sales of the Group's main products such as urea and methanol which was primarily due to the decrease in average selling prices of such products.