Great Water Holdings Limited provided preliminary unaudited consolidated earnings guidance for the first quarter ended March 31, 2021. The company Group expects the revenue for the first quarter to be not less than RMB 12.5 million (revenue for the corresponding period last year: RMB 18.74 million) and the net loss after tax for the first quarter to be not less than RMB 4 million (net loss after tax for the corresponding period last year: RMB 7.63 million). The board of directors consider that the decrease in the Group's revenue as compared to the same period in 2020 is mainly due to (1) the on-going projects of 2020 were near completion stage; and (2) the new projects were in the pre-construction preparation stage, not in the revenue generation phase. The significant decrease in net loss after tax is mainly due to (1) the Group's gross profit and gross profit margin increased in the first quarter as compared to the same period last year as the Group undertook a one-off short-term operating project with a high gross profit margin; and (2) the Group incurred expenses of approximately RMB 3 million in the same period last year due to the upgrading of the construction qualification, while there was no such expenses for the first quarter.