Bao Shen Holdings Limited provided earnings guidance for the six months ended 30 June 2019. The company expects to record a loss attributable to owners of the Company for the Period as compared to a profit attributable to owners of the Company for the six months ended 30 June 2018 mainly due to: the decrease in gross profit by approximately RMB 5.1 million driven by the decrease in sale of the spray-painting peripheral components and powder-coating peripheral components resulting in a higher manufacturing overhead per unit of the Group's products; and the decrease in government grants received in relation to the listing of the shares of the Company on GEM approximately RMB 4.0 million.