Citychamp Watch & Jewellery Group Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expects to record a decrease in revenue by approximately 34% as compared to that of HKD 2,716,265,000 for the year ended 31 December 2019. In addition, the Group is expected to record a loss for the year ended 31 December 2020 as compared to a profit of HKD 71,181,000 made for the year ended 31 December 2019.