China PengFei Group Limited provided consolidated earnings guidance for the six months ended 30 June 2020. The Group expects to record a profit attributable to owners of the Company for the six months ended 30 June 2020 of not less than RMB 48 million, representing a substantial increase of not less than 33% as compared to the corresponding period in 2019. The expected increase in the profit attributable to owners of the Company for the six months ended 30 June 2020 is primarily attributable to the receipt of Chinese government grants of approximately RMB 12 million mainly in respect of the Group's technology innovation and development. For the six months ended 30 June 2020, the Board expects the Group to achieve a moderate growth in its revenue as a result of the rapid rebound of demand from its domestic customers following the Chinese government's efforts in advancing the infrastructure investment and its increased focus on domestic sales after the resumption of the business and operations of the Group in February 2020. The growth in domestic sales during the six months ended 30 June 2020 has also alleviated the negative impact on the financial performance of the Group arising from the decrease in its overseas sales during the same period as a result of the COVID-19 pandemic.