Bisu Technology Group International Limited provided earnings guidance for the year ended December 31, 2019. For the year, the company expected that the Group may record (i) a decline in the revenue; and (ii) a turnaround from gross profit to gross loss, as compared with the results for the year ended 31 December 2018. The Management also expected that the loss for the year ended 31 December 2019 will be higher than the year ended 31 December 2018. The decline of the performance of the Group for the year ended 31 December 2019 was due to (i) decrease in the sales of automotive engines of the Automotive Engines Business, caused by a further delay in resumption of productions of key customers of the Automotive Engines Business; (ii) an impairment loss made on the inventories of the Automotive Engines Business; (iii) an impairment loss in the fair value of the intangible assets and goodwill in relation to the acquisition of the Automotive Engines Business; (iv) additional expected credit loss made to the accounts and bills receivables due from key customers of the Automotive Engines Business.