Raymond Industrial Limited provided earnings guidance for the year ended December 31, 2019. For the year, the company expected to record a decline of approximately 30% in unaudited net profit for the year ended 31 December 2019 as compared to the audited net profit for the year ended 31 December 2018. The main reasons for the expected decline in net profit were due to drop in revenue compared with fiscal year 2018; and delay or suspension of several new products launch as a result of uncertainties arising from Sino-U.S. trade dispute.