China Shengmu Organic Milk Limited provided group earnings guidance for the year ended 31 December 2019. The board of directors of the company informed the shareholders of the company and potential investors that, based on the assessment of the unaudited preliminary consolidated management accounts of the group for the year ended 31 December 2019, the group is expected to record a profit after income tax for the year ended 31 December 2019 of not less than RMB 100 million (audited net loss for the year ended 31 December 2018: approximately RMB 2,311 million) and there is a turnaround from loss attributable to equity owners of the company to profit.