China Tianrui Automotive Interiors Co., Ltd. provided earnings guidance for the year ended 31 December 2019. The group is expected to record a significant increase of not less than 50% in net profit for the year ended 31 December 2019 as compared with that for the corresponding period in 2018. The expected increase in net profit for the year ended 31 December 2019 was mainly due to (a) the growth in sales of the Group's heavy trucks' decorative components and parts and passenger vehicles' decorative components and parts; (b) the net foreign exchange gains during the year ended 31 December 2019, as compared to the net foreign exchange losses of approximately RMB 2.8 million resulting from consideration payable for acquiring Xian Tianrui Automotive Interiors Co., Ltd. for the year ended 31 December 2018; and the increase in government grants recognised as other income.