New Focus Auto Tech Holdings Limited provided earnings guidance for the year ended December 31, 2019. For the year, the company expects net loss attributable to equity holders of more than RMB 160 million. This net loss was mainly attributable to significant adverse influence on the group's manufacturing business during the year caused by the Sino-US trade war which led to a decrease in its export sales revenue, overall downward trend in the sales of passenger vehicles in China during the Year, resulting in substantial loss incurred by the group's automotive dealership and services business and fierce competition from e-commerce business in China faced by the Group's retail and wholesale services businesses among other factors.