Changan Minsheng APLL Logistics Co., Ltd. provided earnings guidance for the year ended December 31, 2018. For the year, the company estimates that the unaudited profit attributable to equity holders of the company is expected to decrease significantly by approximately 50% to 70% when compared to the same period of last year. Such decrease was mainly attributable to the sluggish automobile industry and the significant decline in the production and sales volumes of the Group's major customers; the unfavorable effect on the logistics service rates as major customers are more cost conscious and the competition in the market became more severe; coupled with the factors like the continual increases in the costs of provision of the automobile logistics services as a result of the full implementation of the national policy of Limits of Dimensions, Axle Load and Mass for Motor Vehicles, Trailers and Combined Vehicles (GB1589-2016) since 1 July 2018.