Genes Tech Group Holdings Company Limited provided group earnings guidance for the first quarter ended March 31, 2018. For the quarter, the Group expects to record a decline in revenue in a range from approximately 50% to 55% and profit before tax in a range from approximately 90% to 95% as compared with that for the three months period ended 31 March 2017. Based on the information currently available to the Company, the Board believes that the decline in revenue and profit before tax of the Group is primarily attributable respectively to (i) the decrease in demand for the Group's semiconductor manufacturing equipment (SME) and components and accessories of SME (Parts) as a results of the deterioration in market demand of semiconductors, which was driven by the slow-down in market demand for smartphones and the uncertainty in the cryptocurrency mining market, and (ii) the drop in gross profit of the Group as the results of the aforementioned declined revenue, an increase in employee benefit costs as well as an increase in the purchase costs of used SME and Parts in the secondary market.