China Geothermal Industry Development Group Limited provided the earnings guidance for the year ended 31 December 2020. For the year, the company expects that the net loss for the Year will significantly reduce by approximately 50% to 60% from HKD 445 million as recorded for the corresponding period last year. The significant reduction in net loss for the Year was primarily due to (i) the implementation of cost control measures resulting in decreases of operating expenses and finance costs during the Year; and (ii) the absence of the significant impairment on goodwill recorded last year.