Ausnutria Dairy Corporation Ltd. informed the shareholders of the company and potential investors that, based on the currently available information, it is anticipated that the Group will record profit attributable to the shareholders in the range of RMB 135.0 million to RMB 139.0 million for the nine months ended 30 September 2016, representing an increase of RMB 125.3 million to RMB 129.3 million, when compared with the corresponding figures of RMB 9.7 million for the nine months ended 30 September 2015. The significant increase was primary due to a one-off inventory write-off in the Netherlands of approximately RMB 97.8 million for the nine months ended 30 September 2015. When compared to the adjusted profit attributable to the Shareholders for the corresponding period of RMB 47.1 million, which excludes the impact of inventory write-off, the profit attributable to shareholders in the third quarter 2016 represented an increase of RMB 87.9 million to RMB 91.9 million, or 186.6% to 195.1%. The directors believe that the incurrence of the expected improvement in financial performance is primarily attributable to the continuous increase in the sales of the group which was driven by the adjusted business strategy. Sales of the group for the third quarter is anticipated to increase by 28.8% to approximately RMB 1,893.2 million (among which, the sales of the group's own-branded cow and goat milk-based infant formula products in the PRC are anticipated to increase by 65.4% and 29.6% to approximately RMB 667.4 million and RMB 461.2 million, respectively) when compared with the corresponding period of last year; and the turnaround in the financial performance of the operations in the Netherlands after the processing and facilities upgrading plan of the Group's factories in the Netherlands was completed at the end of 2015.