Cowell e Holdings Inc. provided un-audited consolidated earnings guidance for the six months ending June 30, 2016. For the six months, the company expects to record a significant decline in the group's profit as compared to the same period in 2015. The decline was primarily attributable to (i) the decrease in sales due to the seasonality of the business and the weak demand in the smart phone industry during the Period; (ii) R&D expenses for the new high-end product booked in the Period while low customer's orders at the initial stage of mass production in the second quarter of 2016.