Weigang Environmental Technology Holding Group Limited provided earnings guidance for the six months ended 30 June 2020. The company expects to record a net loss attributable to owners of the Company within the range of approximately RMB 5.0 million to RMB 9.0 million for the six months ended 30 June 2020 as compared to a net profit attributable to owners of the Company of RMB 10.3 million of the corresponding period in 2019, which were mainly attributable to (1) the novel coronavirus outbreak in early 2020, which caused disruption to the Group's business plan (including but not limited to the delay of hazardous waste incineration solutions progress); and (2) the gross profit margin of hazardous waste incineration solutions decreased because of the intense competition in the market.