Grand Baoxin Auto Group Limited announced earning guidance for the six months ended 30 June 2021. For the period, the company expected that the profit attributable to owners of the Company for the Period will record an increase of not less than 300% as compared with the profit attributable to owners of the Company for the six months ended 30 June 2020. The increase in profit is mainly attributable to the strong growth in sales volume of luxury brands (i.e. BMW and Jaguar & Land Rover), as well as the continuous optimization of management and enhancement of store operating capability by the Company during the Period, which resulted in a significant increase in sales of new automobiles as compared with the corresponding period in 2020.