HongDa Financial Holding Limited provided earnings guidance for the six months ended June 30, 2019. The company group is expected to record considerable loss for the Six month period ended 30 June 2019 as compared to a profit for the corresponding period ended 30 June 2018. The considerable loss for half year 2019 is mainly attributable to (i) decrease in revenue from materials trading business during financial year 2019 as a result of the negative sentiment of the PRC-US trade war, which affects global economy and reduces the demand for commodities; and (ii) increase in impairment loss on the receivables after adoption of expected credit loss model under Hong Kong financial reporting standard 9.