GOME Retail Holdings Limited provided earnings guidance for the six-month period ended 30 June 2020. The group's loss attributable to owners of the parent during the six-month period ended 30 June 2020 is expected to be between RMB 2,500 million and RMB 3,000 million, compared with a loss of RMB 380 million for the corresponding period last year. Sales revenue for the six months ended 30 June 2020 (the "Reporting Period") is expected to be impacted by the outbreak of novel coronavirus ("COVID-19"). However, the company withstood this stress test and its affected bulk home appliance business has improved in the second quarter this year following the gradual alleviation of the epidemic, achieved 103% sales growth quarter on quarter. Especially in June 2020, sales revenue was basically flat as compared with the corresponding period last year. The consolidated gross profit margin has shown a trend of month-on-month recovery in the second quarter and reached approximately 15% in June.