Xinyi Glass Holdings Limited provided unaudited consolidated earnings guidance for the six months ending 30 June 2020. The company accounts of the group for the five months ended 31 May 2020, profit attributable to the shareholders for the six months ending 30 June 2020 is expected to decrease by 25% to 40%, as compared to the profit attributable to the Shareholders for the six months ended 30 June 2019 of HKD 2,124.8 million. The decrease is attributable to the following principal reasons: (a) the absence of the one-off gain in the total amount of HKD 633.4 million recorded during the six months ended 30 June 2019 arising from (i) the dilution of interests as a result of the deemed disposal of the company's shareholding in Xinyi Solar Holdings Limited (00968.hk) ("Xinyi Solar") due to the of new issue of shares by Xinyi Solar in March 2019 and (ii) the company's disposal of certain shares in Xinyi Solar in June 2019; (b) the depreciation of Renminbi during the five months ended 31 May 2020; and (c) the decreases in the demand and the average selling prices of certain glass products of the Group, such as products of automobile glass and float glass, as a result of the outbreak of the COVID-19 and the lockdown measures imposed by various countries.