Hua Yin International Holdings Limited provided earnings guidance for the year ended 31 March 2021. The Group's net loss for the year ended 31 March 2021 (the "Current Financial Year") is expected to decrease significantly by not less than 70% as compared to the net loss of approximately RMB 1,784.4 million for the last financial year ended 31 March 2020 (the "Corresponding Financial Year"). Such significant decrease in the Group's net loss for the Current Financial Year was mainly attributable to (i) the significant decrease in provision of diminution in the value of a property project in Fusong County made of approximately RMB 181.9 million made in the Current Financial Year as compared to that of approximately RMB 877.6 million in the Corresponding Financial Year; and (ii) the net loss from discontinued operations of approximately RMB 416.9 million was recorded in the Corresponding Financial Year and no such loss was recorded in the Current Financial Year. In addition, the Group's anticipated net loss for the Current Financial Year was primarily attributable to (i) additional provision of diminution in the value (net of deferred tax reversed) of a property project in Fusong County, the PRC of approximately RMB 181.9 million for the Current Financial Year (2020: RMB 877.6 million) as a result of the persistently unfavourable operating environment in the surrounding area of Fusong County leading to a decrease in the net realisable value of the property; (ii) a net loss in fair value of the Group's investment properties of RMB 43.0 million contributed from a drop in average occupancy rate and market rent; and (iii) further write-downs of approximately RMB 43.6 million in respect of the villas and car parking spaces of the property projects with an expected continual decrease in net realisable value.