Sheung Yue Group Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2021. For the period, the Group is expected to record a net loss of not less than approximately HKD 14.4 million for the Year as compared with a net profit of approximately HKD 1.3 million for the year ended 31 March 2020. Such expected net loss is mainly due to the persistent outbreak of novel coronavirus epidemic throughout 2020 which intensified the economic downturn of Hong Kong. As a result, the number of new projects initiated by the property developers decreased and thus lead to the decrease in number of new construction projects awarded to the Group during the Year. The decrease of new projects available also intensified the price competition among contractors which lead to a decrease of average gross profit margin of the Group's projects; and the persistent outbreak of COVID-19 also caused delay in the work progress of the Group's certain projects on hand which adversely affected the revenue recognition of such projects for the Year.