Hang Pin Living Technology Company Limited provided earnings guidance for the year ended 31 March 2020. For the year, the company expected to record a net loss of not less than HKD 23 million compared to a net profit of approximately HKD 0.5 million for the year ended 31 March 2019, which was mainly attributable to (i) the decline in sales revenue of approximately 34% as a result of the Sino-US trade dispute and outbreak of COVID-19 pandemic which has dampened the sentiment of consumers; and (ii) increase and administrative and operating expenses.