Geely Automobile Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2019. For the six months, the company's net profit attributable to the equity holders of the company is expected to decrease by about 40%, as compared with the Net Profit of RMB 6.67 billion for the six months ended 30 June 2018. The Directors believe that the decrease in the amount of the net profit for the six months ended 30 June 2019 is primarily due to the greater-than-expected decrease in overall sales volume in the Chinese vehicle market and the Group's proactive reduction in aggregate inventories of its dealers, resulting in negative impact on the Group's sales volume and profit margin during the same period.