The board of directors Zhonghua Gas Holdings Limited provided guidance for unaudited consolidated financial results of the Group for the year ended 31 December 2020, the Group is expected to record (i) a significant decrease in revenue of around 33.1% from approximately RMB 344.77 million for the previous year ended 31 December 2019 to approximately RMB 230.72 million for the Current Year; (ii) a decrease in gross profit ratio of the Group of approximately 35% as compared to the Previous Year; and (iii) a net loss after tax of the Group of approximately RMB 110 million to RMB 140 million for the Current Year as compared to the net profit after tax of the Group of approximately RMB53.74 million for the Previous Year.