New Century Healthcare Holding Co. Limited provided consolidated earnings guidance for the six months ended June 30, 2019. For the period, the company expects to record an increase of at least 25% as compared with that for the six months ended June 30, 2018. However, the consolidated profit before income tax is expected to decrease by 65%-75% as compared with the consolidated profit before income tax of RMB 64.4 million for the six months ended June 30, 2018. The Group is expected to record a net loss attributable to owners of the Company as compared with the net profit attributable to owners of the Company for the six months ended June 30, 2018. This was primarily attributable to (i) the newly acquired hospital, newly established clinics and clinics under preparation in 2018 have resulted in increased operating costs and expenses of the Group; (ii) the increased management cost of enhanced management personnel and organizational structure in line with the expansion of business; and (iii) the impact of the adjustments recognised on the adoption of Hong Kong Financial Reporting Standards 16 Leases on treatment of operating leases.