Harbin Electric Company Limited provided earnings guidance for the full year 2020. For the period, the company expects net profit of the Company attributable to the owners of the parent company in FY2020 will be approximately RMB 10 million (i.e. expected to record losses), decreasing from approximately RMB116 million as compared with the net profit attributable to the owners of the parent company amounting to RMB106 million in 2019.