Yincheng International Holding Co., Ltd. provided earnings guidance for the year 2019. For the year, the company expects a significant increase of over 100% in revenue; (ii) a slight decrease in profit; and (iii) a decrease of over 60% in profit attributable to owners of the Company for the year ended 31 December 2019 as compared to those for the year ended 31 December 2018. Based on information currently available to the Board, the Board considers that the significant increase in revenue was primarily attributable to the increase in gross floor area delivered by the Group in FY2019 as compared to FY2018 and the business expansion of the Company. The slight decrease in profit was primarily attributable to the decrease in (i) gross profit margin of GFA delivered by the Group; (ii) investment income from business combinations achieved in stages; and (iii) the Group's share of profits of joint ventures and associates, as well as the increase in tax payable under the PRC law for the corresponding increase in GFA delivered by the Group in FY2019 as compared to FY2018. The decrease in profit attributable to owners of the Company was primarily due to the fact that properties delivered in FY2019 were mainly developed through cooperative development projects, and the shareholding percentages of the Group in the cooperative development project companies which delivered properties in FY2019 were in general lower than that in FY2018.