China Metal Resources Utilization Limited provided earnings guidance for the year ended December 31, 2018. The Group is expected to record a decrease of over 50% in its profit attributable to the Shareholders for the year ended December 31, 2018 as compared with that for the year ended December 31, 2017. Based on the information currently available to the Company, the Board believes that such substantial decrease in profit is mainly attributable to the substantial decrease in gross profit or considerable gross loss in the year caused by the significant fluctuation of metal prices in the second half of the year under the uncertain macroeconomic environment although the Group recorded a significant increase in revenue and sales volume for the year as compared to 2017.