China Automobile New Retail (Holdings) Limited provided loss guidance for the six months ended 30 September 2020. For the period, the Group is expected to record a loss for the six months ended 30 September 2020 as opposed to a net profit for the same period in the last year. This deterioration was mainly attributable to (1) the net gain on acquisition of subsidiaries of approximately RMB 258 millions for the six months ended 30 September 2019 while no such factor for the same period in this year and (2) valuation loss on investment properties of approximately RMB 58 millions for the six months ended 30 September 2020.