AKM Industrial Company Limited provided group earnings guidance for the six months ended 30 June 2019. For the six months period, the company announced that, based on the preliminary review on the management accounts of the Group for the six months ended 30 June 2019 and the information currently available to the Board, the Group is expected to record a significant decrease in the profit attributable to owners of the Company for the six months ended 30 June 2019 as compared with the profit attributable to owners of the Company for the six months ended 30 June 2018. Such decrease in profit attributable to owners of the Company was mainly attributable to the decrease in overall gross profit margin of the Group’s major products due to changes in market competition pattern and more fierce market competition; the increase in research and development (‘R&D’) expenses of the Group due to increase in R&D investment in new materials, new products and new production techniques; and the decrease in other income principally due to the decrease in interest income and government grants.