Tsaker Chemical Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2020. The company net profit attributable to owners of the company for the year ended 31 December 2020 is expected to be not less than RMB 140.0 million, which would represent a significant decrease by not more than RMB 377.9 million or 73% as compared with that of approximately RMB 517.9 million for the year ended 31 December 2019. Such decrease was mainly attributable to the decrease in average market price of dye intermediate, the Group 's major product, due to market conditions including but not limited to the impact from the novel coronavirus (COVID-19) pandemic in the year of 2020, as compared with the year of 2019, which led to the decrease in revenue and gross profit margin of the Group during the relevant period.