Huajin International Holdings Limited provided earnings guidance for the year ended 31 December 2019. The Group's unaudited consolidated management accounts for the year ended 31 December 2019 and the information currently available to the Board, the Group is expected to record a significant increase in profit attributable to owners of the Company for the year ended 31 December 2019 by not less than 150% as compared to that of approximately RMB 6.4 million for the year ended 31 December 2018. Based on the relevant information currently available, the Board considers that such increase in profit was primarily attributable to, among others, the following factors: (1) net realised gain on derivative financial instruments in amount of approximately RMB 2.1 million was recognised by the Group during the year of 2019 as compared to net realised loss on derivative financial instruments in amount of approximately RMB 27.3 million recognised during the year of 2018; (2) gain of approximately RMB 6.9 million on disposal of 80% equity interest in a subsidiary in the second half of 2019; the decrease in finance costs due to reduced average borrowing level in the year of 2019 when compared with the year of 2018; and (4) nevertheless, the combined positive effect of the increase in profit and reduction in expenses was partially offset by a reduction in the average processing fee (being the difference between the selling price and the cost of direct materials) charged for the Group's products resulting in the drop of gross profit in the year of 2019.