N/A The Coronavirus Disease 2019 (COVID-19) pneumonia epidemic has caused a major impact on the world economy in 2020, creating one of the biggest challenges after the Great Depression. The decline in industrial production across China has led to a significant reduction in the demand for basic raw materials, especially metal materials. During the year, the Company's revenue amounted to approximately RMB16.7 billion (FY2019: approximately RMB24.0 billion), representing a decrease of 30.5% compared to last year. The decrease in sales volume was principally from the decrease in trading of electrolytic copper, which was mainly due to the suspension of operation as a result of COVID-19. The Company's gross profit for the year was approximately RMB62.6 million (FY2019: gross loss of approximately RMB257.9 million). Loss for the year was approximately RMB387.2 million (FY2019: approximately RMB217.3million), representing an increase of 78.2%. The increase in loss is mainly attributable to the substantial increase in provision for doubtful debts amounting to RMB47.0 million and substantial decrease in VAT refunds, government grants and subsidies amounting to RMB283.5 million. The increase in loss is also contributed by additional loss on goodwill impairment in FY2020 amounted to RMB277.9 million caused by tighter liquidity situation of our customers, decrease in volume of our sales transactions and the detrimental impact of COVID-19 on the economy. Loss per share amounted to RMB0.15 (FY2019: RMB0.08).