Goal Rise Logistics (China) Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2020. For the six months, the group expected to record a decrease in consolidated revenue of approximately 23% for the Period as compared with the corresponding period in 2019 and a consolidated net loss of approximately RMB 0.4 million for the Period as compared with the consolidated net profit of approximately RMB 5.9 million for the corresponding period in 2019. The decrease in consolidated revenue is mainly due to (i) the impact of the outbreak of the novel coronavirus (COVID-19) since the beginning of 2020, which has caused disruption to the businesses of the Group's customers and operation delays in service resumption by the Group, and (ii) the cautious slowdown in customers' business expansion due to recent downturn of the economy, which has led to a decrease in demand for the Group's logistics services. Apart from the decrease in revenue, the expected net loss of the Group for the Period is also primarily a result of the recognition of an equity-settled share-based payment arising from the grant of share options to eligible participants during the Period.