Kingswood Enterprise Co., Ltd. provided earnings guidance for the first half of 2020. The Company will turn losses into gains in its the net profit belonging to shareholders of the company in the 1st half of 2020 compared with the same period of the year before, with the net profit belonging to shareholders of the company to be about between RMB 59 million and RMB 63 million. The net loss belonging to shareholders of the company after excluding extraordinary profit and loss will be between RMB 16 million and RMB 20 million.