The board of directors of the Huazhong In-Vehicle Holdings Company Limited provided earnings forecast for the six months Ended 30 June 2021. For the half year, the company expects to record a significant increase in net profit by approximately 50% as compared the net profit for the six months ended 30 June 2020. Based on the information available to the Board, the Board considers such expected increase was mainly attributable to, 1. increase in sales revenue; 2. improvement in sales gross profit margin; and 3. significant increase in profits of joint ventures.