Ka Shui International Holdings Limited provided earnings guidance for the year ended December 31, 2020. For the period, the Group is expected to report a mild decrease in revenue when compared with last year, the Group is expected to record an increase of approximately 35% to 45% in the consolidated profit attributable to owners of the Company for the Year when compared with approximately HKD 88.7 million for last year. Such expected increase was mainly attributable to the following factors: (i) an increase in operational efficiency and gross profit margin as a result of continuous integration of the Group's resources and optimisation of information systems, from which the Group achieved reduction in manufacturing overhead; (ii) a decrease in the Group's operating cost due to process improvement and enhancement in product mix, which has led to a drop in cost of sales; and (iii) an one-off utility and government subsidies received by the Group in China and Hong Kong during the Year as a result of COVID-19 pandemic.