IPE Group Limited provides earnings guidance for the year ending December 31, 2019. For the period, the company expects net profit of the Group to decrease by approximately 50% to 60% as compared to the year ended 31 December 2018. The Board believes that decrease in the net profit of the Group for the year ended 31 December 2019 is mainly attributable to a significant decline in sales of hard disk drivers components due to a weak market for hard disk drivers; a decrease in sales of automotive and hydraulic equipment components, which is directly and indirectly affected by the Sino-US trade conflicts; and a decrease in gross profit, triggered by reduced efficiency in economics scale due to a drop in the overall sales.