Beijing Enterprises Clean Energy Group Limited provided consolidated earnings guidance for the year ended 31 December 2019. The company is expected that there will be a decrease of not less than 35% and not more than 45% in the Group's consolidated profit for the year ended 31 December 2019 as compared to 2018. Based on the information currently available, the Directors consider that such decrease is primarily attributable to the combined effect of (i) an increase in finance costs attributable to the increases in average total balances of bank and other borrowings and lease liabilities under finance lease arrangements/finance lease payables as compared to 2018; (ii) the recognition of an impairment loss in relation to the Group's investments in certain projects, construction of which have not been completed. Having considered the unexpected delays for some of the under-constructed projects (the "Projects"), the management recently considered to cease the development of the Projects and to switch the resources to developing other more favorable projects. Accordingly, subject to confirmation and audit, the Group intends to recognize a one-off impairment in respect of the upfront costs of the Projects during the year 2019 (compared to nil impairment in the year 2018); and (iii) the decrease in administrative expenses as a result of the Group's cost control efforts during the year.