Golden Power Group Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2018. For the year, the company announced that, based on the preliminary review of the unaudited consolidated management account for the period and currently available information, the group is expected to record a decrease in net profit for the year ended 31 December 2018 as compared with year ended 31 December 2017, there was a decline in the group's net profit by approximately 77.04% in the Year as compared with that for the year of 2017. The board announced that the group's profitability for the Year was mainly affected by the following factors: The prices of materials, including steel, zinc, electrolytic manganese dioxide, copper and packaging material, increased substantially which resulted in a substantial increase in the cost of production; and The selling price of the company's products was not adjusted in the same pace with the increase in production cost.