China Ting Group Holdings Limited reported earnings guidance for the year ended 31 December 2019. The Group is expected to record a loss attributable to equity holders of the Company of not more than HKD 70 million for the year ended 31 December 2019, as compared to amount of the profit attributable to equity holders of the Company of HKD 21 million for the year ended 31 December 2018. The loss incurred by the Group in 2019 primarily due to the following reasons: (1) the amount of gross profit of the Group for the year ended 31 December 2019 is expected to decrease by approximately 33.5%, as compared to the amount of gross profit of the Group of HKD 563.2 million for the year ended 31 December 2018. The decrease due to the increasing price pressure on the garment products produced and supplied by the Group; (2) a decrease in the amount of sales revenue of the original equipment manufacturing business of the Group of approximately 19.0% due to the trade tensions between China and the United States and keen competition from the factories in Southeast Asia; and (3) a decrease in the amount of sales revenue of the fashion retail business of the Group of approximately 9.4% due to the sluggish retail markets in the PRC and the decrease in number of retail shops.