Guangdong Adway Construction (Group) Holdings Company Limited provided earnings guidance for the year ended 31 December 2019. For the year, the company expects profit to decrease by approximately 40% to 50% as compared with that for the year ended 31 December 2018 (the corresponding period in 2018: RMB 130.7 million). Such decrease was mainly attributable to (1) the gross profit margin of the new projects decreased due to the slowing growth and increasing competition of building decoration industry; (2) due to the recent economic deterioration and after careful consideration, the Company made further provision in relation to certain large projects of which the settlement or payment process has been delayed.