Dragon Crown Group Holdings Limited provided earnings guidance for the year ended 31 December 2020. For the period the company expected that the Group will record an increase of over 90% in its net profit for the year ended 31 December 2020 as compared with the year ended 31 December 2019. Based on the relevant information currently available to the Board, the Board considers such expected increase in net profit for the year ended 31 December 2020 is mainly attributable to, among other things, the increase in revenue in respect of methanol and acetic acid; the share of results of the joint venture in Weifang which improved and turned around from loss to profit during the year ended 31 December 2020; and the decrease in administrative expenses as a result of the net foreign exchange gains recorded for the year ended 31 December 2020, as compared with the net foreign exchange losses recorded for the year ended 31 December 2019.