China Titans Energy Technology Group Co., Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the company is expected to record a loss attributable to the shareholders of the company of approximately RMB 15 million to RMB 20 million as compared to the profit attributable to the shareholders as compared to the profit attributable to the shareholders. The loss was mainly attributable to the expected decrease in revenue and gross profit as a result of the outbreak of the Novel Coronavirus (COVID-19) since early 2020 and an impairment loss of the Group's financial assets.