Zhejiang Shibao Company Limited provided earnings guidance for the first quarter ended March 31, 2021. For the quarter, the company expects net profit attributable to shareholders of listed company for the three months from 1 January 2021 to 31 March 2021 is between RMB 16,000,000 and RMB 24,000,000 (corresponding period of last year: RMB 2,654,600). Due to the impact of COVID-19 pandemic, the Company recorded losses in operation during the same period of last year. During the reporting period, aforementioned adverse impacts were eliminated and the recovery of business increased the Company's revenue. The Company expects that it will turn losses into profits at the first quarter of 2021, with expected profits ranging from RMB 16,000,000 to RMB 24,000,000.