ZMFY Automobile Glass Services Limited provided earnings guidance for the first quarter ended March 31, 2019. For the period, the Group expects to record a net loss for the Period as compared to a net profit for the corresponding period in 2018. Based on the information currently available, the Board considered the change from profit to loss was mainly attributable to the following reasons: the continued deficit resulting from the automobile glass business of the Company as compared to the corresponding period in 2018 due to the unfavorable business environment that persisted during the Period; and certain clients in the business consultancy service sector of the Company requested to postpone the execution of their projects as they foresee difficulty in raising funds in the upcoming months from the government sector, causing delay in revenue recognition and a substantial decrease in revenue. This in turn would lead to loss for the Period as the operating costs in this sector are mainly fixed costs in nature.