BYD Company Limited provided earnings guidance for the period from 1 January 2020 to 31 March 2020. The company expects net profit attributable to shareholders of the listed company Decrease by: 79.99% ­ 93.33% as compared with the corresponding period last year. Earnings guidance in the range of RMB 50 million to RMB 150 million compared to corresponding period of last year earnings RMB 749.73 million. In the first quarter of 2020, COVID-19 epidemic and the macroeconomic downturn had a significant impact on the overall market demand of the automobile industry, the sales volume of the Group's new energy vehicle declined significantly as compared with the same period of last year. In terms of traditional fuel vehicles, the pressure of decline in fuel vehicles' sales has been relieved to some extent due to the continuous well-received of Song Pro. For the handset component and assembly business, the Group actively expanded business scope and deepened co-operation with customers and achieved positive results, which promoted the smooth development of the business. In respect of the photovoltaic business, it is expected that revenue will recover attributed to the growth in overseas markets.