Chongqing Machinery & Electric Co., Ltd. provided earnings guidance for the six months ended June 30, 2019. For the period, the company expects that the operating revenue and profit attributable to the owners of the Company for the six months ended 30 June 2019 will decrease by approximately 10%-15% and 25%-30% respectively as compared to the same period in 2018. The decreases were mainly attributable to the weakened market demands which were resulted from the domestic and international economic downturn and the shrinked profit margins which were driven by the intensified market competition.