Harbin Electric Company Limited provided earnings forecast for the year ended 31 December 2020. For the year, the gross profit of the international engineering projects of the Company decreased due to RMB appreciation and the impacts of COVID-19 pandemic in 2020, resulting in a decrease in overall gross profit. As such, the net profit of the Company attributable to the owners of the parent company in 2020 is expected to record a significant decrease as compared to that in 2019, and may record a slight loss.