Yuzhou Group Holdings Company Limited provided group earnings guidance for the year ended 31 December 2020. For the year ended 31 December 2020, the company is expected that the consolidated net profit of the Group for the year will decrease significantly, as compared to that for the year ended 31 December 2019. The decrease in profit was mainly attributable to (i) delay in the development progress of certain property projects and the delivery of properties as affected by the COVID-19 outbreak, leading to deferred recognition of revenue and profit; and (ii) decrease in the gross profit margin of the Group due to certain national real estate-related regulatory control measures causing selling price of the property projects to be lower than expected.