Bao Shen Holdings Limited provided earnings guidance for the year ended December 31, 2019. For the year, the Group expects to record a loss attributable to owners of the Company in the range of RMB 0.5 million to RMB 1.5 million for the Year as compared to a profit attributable to owners of the Company for the year ended 31 December 2018 (the "Corresponding Period") mainly due to decline in gross profit due to increase in production costs including but not limited to raw material costs, direct staff costs and manufacturing overhead costs of the Group's products; and the decrease in government grants received in relation to the listing of the shares of the Company on GEM of approximately RMB 4.0 million.