Vital Innovations Holdings Limited provided earnings guidance for the six months ended 30 June 2019. The company expected that the Group may record a net profit of approximately RMB 0.5 million for the 2019 Interim Period, as compared to a net profit of RMB 9.8 million for the six months ended 30 June 2018. Based on information currently available to the Board, such decrease in net profit was primarily attributable to the absence of an one-off reversal of impairment recognized on trade receivables of approximately RMB 5.6 million for the 2018 Interim Period; a drop in turnover and a decrease in gross profit from approximately RMB 7 million for the 2018 Interim Period to approximately RMB 4.5 million for the 2019 Interim Period due to the relatively less active market and strong price competition; and the exchange losses of approximately RMB 800,000 for the 2019 Interim Period as compared to an exchange gain of RMB 441,000 for the 2018 Interim Period due to the fluctuation of RMB against HKD and USD.