Jiutian Chemical Group Limited provided group earnings guidance for the financial year ended 31 December 2019. The company announced that following a preliminary review of the unaudited results for the financial year ended 31 December 2019, the group is expected to report a material net loss for the fiscal year 2019. The losses are mainly due to material impairment for the Group's associated company, Anyang Jiujiu Chemical Technology Co. Ltd.'s Sodium Hydrosulfite plant (the "Plant"), arising from the periodic assessment of the recoverable amounts based on expected future cash flows of the Plant. The performance of the Plant has been impacted by a combination of economic and industry factors including China-US trade war causing a general slowdown in China's economy, resulting in weaker demand for Sodium Hydrosulfite; and strict industry-wide environmental control policies causing unplanned stoppages, resulting in low production volume and higher production cost. Accordingly, the Group is expected to recognize a significant share of loss from associated companies in the fiscal year 2019.