GHW International provided earnings guidance for the six months ended 30 June 2020. For the period the company expects to record a loss attributable to owners of the Company of not more than RMB1 million for the six months ended 30 June 2020, compared to a profit attributable to owners of the Company of approximately RMB17 million for the six months ended 30 June 2019. The expected loss attributable to owners of the Company for the six months ended 30 June 2020 was mainly attributable to the (i) decrease in revenue derived from the polyurethane materials and fine chemicals segments due to the outbreak of the novel coronavirus, which outweighed the increase in revenue generated from the animal nutrition chemical products; (ii) increase in selling and distribution expenses mainly due to the increase in domestic and overseas sales volume of animal nutrition chemicals; and (iii) increase in finance costs due to an increase in bank and other borrowings.