Zhonghua Gas Holdings Limited provided earnings guidance for the first quarter ended 31 March 2020. The Group is expected to record a decrease in revenue of approximately 29%, a decrease in gross profit ratio of approximately 20% and a significant decrease in net profit after tax of around 70% comparing with that of the corresponding period in 2019. In addition, after excluding the effect of an one-off income from the government subsidy received by the Group in the amount of approximately RMB 5.5 million, the Group is expected to record a net loss as compared to a net profit after tax for the corresponding period in 2019.