Xinchen China Power Holdings Limited provided earnings guidance for the year ended 31 December 2019. For the year, the company expects that the profit attributable to its equity shareholders for the year ended 31 December 2019 will record a decrease of approximately 40% as compared to that which was RMB 10.72 million for the year ended 31 December 2018. Despite the fall in impairment losses and foreign exchange losses, such decrease in the profit attributable to its equity shareholders was mainly due to (i) a decrease in sales of engines as the vehicle demand in China remains sluggish, in particular, in the lower-end consumers market and (ii) a decrease in receipt of government grants.