Prosperous Printing Company Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company expects to report a net loss of not less than HKD 95 million for the year ended 31 December 2020 (the "FY2020"), compared to a profit of approximately HKD 18.2 million recorded in the same period in 2019. Based on the information currently available, the expected net loss was mainly attributable to: (i) a decline in revenue by approximately 40% as a result of COVID-19 and overall global economy uncertainty; (ii) a decrease in profit margin mainly attributable to the aggressive pricing strategy in the challenging business environment during the year; and (iii) impairment losses on certain property, plant and equipment, inventories and accounts receivables.