IPE Group Limited provided earnings guidance for the six months ended June 30, 2019. The board of directors of the Company informed the shareholders of the Company and potential investors that according to the preliminary review over the drafted financial information of the Group for the six months ended 30 June 2019 prepared by the Company's management and the information currently available to the Board, the net profit of the Group for the six months ended 30 June 2019 is expected to decrease by approximately 55% to 65% as compared to the same period in 2018. The Board believes that decrease in the net profit of the Group for the six months ended 30 June 2019 is mainly attributable to (i) a significant decline in sales of hard disk drivers components due to a weak market for hard disk drivers; (ii) a decrease in sales of automotive and hydraulic equipment components, which is directly and indirectly affected by the Sino-US trade conflicts; and (iii) a decrease in gross profit, triggered by reduced efficiency in economics scale due to a drop in the overall sales.