Jete Power Holdings Limited provided earnings guidance for the year ended 31 December 2018. The board of directors of the company shareholders of the company and potential investors that, based on the information currently available, the Group is expected to record an increase in loss for the year ended 31 December 2018 as compared with the loss for the corresponding period in 2017. Such increase in loss was mainly attributable to (i) the decrease in gross profit margin of the metal casting business as a result of increase in labour costs; (ii) the absence of one-off gain on disposal of a subsidiary which was recorded in 2017; and (iii) the additional administrative expenses were incurred for the newly set up concert organization business.