YTO Express (International) Holdings Limited provided Group earnings guidance for the year ended 31 December 2019. The Group is expected to record a decrease in the revenue and a substantial decrease in the net profit for the year ended 31 December 2019 as compared to the corresponding period in 2018. The net profit of the Group for the year ended 31 December 2019 is expected to decrease by about 70% as compared to the net profit for the corresponding period in 2018. Such substantial decrease in the net profit is mainly attributable by the following: the peripheral economic downturn caused by the trade war between China and the United States and the global macroeconomic uncertainties; the decrease of demand for air freight services from customers in the air freight segment; the increment of staff cost due to salary increment and recognition of expenses related to the share awards; and the recognition of impairment loss on goodwill and intangible asset of about HK$20.0 million arising from the acquisition of, which will gradually cease its business from 2020.