Zhejiang Tengy Environmental Technology Co. Ltd. provided earnings guidance for the year ended December 31, 2018. For the year, the group is expected to record a decrease in profit attributable to the Shareholders by approximately 62% as compared to those for the corresponding year in 2017. Such decrease was mainly attributable to significant increase in the price of steel, one of the major raw materials of the products produced by the Company, in the financial year ended December 31, 2018.