Cosmos Machinery Enterprises Limited provided earnings guidance for the year ended 31 December 2019. For the year, the company expects that there will be a decrease of not less than 50% in the Group's unaudited consolidated profit for the year ended 31 December 2019 as compared to that of the year ended 31 December 2018. This expected discernible reduction in profit was mainly attributable to: (i) drop of sales turnover in manufacturing of injection moulding machines business, trading of industrial consumables business and printed circuit board processing and trading businesses during the year of 2019 amidst global economic uncertainties and deteriorating market sentiments caused by the ongoing United States and China trade friction, therefore gross profits of the said businesses had further eroded and declined for the year ended 31 December 2019; and (ii) without a non-recurring gain on the disposal of entire issued share capital of MS Plasticorp, an indirect wholly-owned subsidiary of the Company prior to the completion of the disposal and incorporated in Cook Islands with limited liability, of approximately HK 44,500,000, after deducting related statutory cost and expenses, recorded for the year ended 31 December 2018.