Mengke Holdings Limited provided earnings guidance for the year ended 31 December 2017. For the year, the company is expected to record a net profit for the year compared to a net loss for the year ended 31 December 2016. However, if the effect of the one-off listing expenses of approximately RMB 26.1 million incurred during the year ended 31 December 2016 is excluded, then the profit attributable to the Shareholders for the year ended 31 December 2017 is expected to be approximately 60% lower than that for the year ended 31 December 2016. The company considered that the reduction was primarily attributable to a decrease in revenue and gross profit of the Group for the year ended 31 December 2017 by approximately 20% and 30%, respectively, as compared with that for the corresponding period of 2016 mainly due to a lower market demand for both transfer metalized paper and laminated metalized paper.