Shenglong Splendecor International Limited provided consolidated earnings guidance for the year ended 31 December 2019. The group expects to record a net profit attributable to owners of the Company for fiscal 2019 of not less than RMB 18,000,000, increased by not less than approximately RMB 4,267,000, as compared to that for the year ended 31 December 2018 of RMB 13,733,000. Such increase was primarily attributable to the increase in both gross profit and gross profit margin as a result of the decrease in production costs, of which mainly consisting of printing material costs and chemical costs; and increase in foreign exchange gain as a result of depreciation of RMB against USD.