China Zhongwang Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2020. The group is expected to record a profit of approximately RMB 1.6 billion to RMB 1.9 billion for the year ended 31 December 2020, representing a decrease of approximately 50% to 40% as compared to the corresponding period in 2019 (approximately RMB 3.18 billion).