China Silver Group Limited provided group earnings guidance for the year ended December 31, 2015. For the year, the group is expected to record an annual net loss attributable to equity shareholders of the company of an amount in the range of RMB 15 million to RMB 35 million, whereas the group recorded a net profit attributable to equity shareholders of the company for the year ended December 31, 2014 of RMB 248.34 million. The expected decline in the consolidated net profit is mainly attributable to, including but not limited to: the decrease in gross profit of the smelting business due to further decline in international silver price throughout fiscal year 2015 and the initial adoption of the new environmental laws by the government of the People's Republic of China; the increase in non-cash share option expense of approximately RMB 45 million; the significant increase in operating costs in the O2O business during the early rapid development stage; the non-recurring expenses of approximately RMB 26 million incurred for acquisitions and fund-raising activities in fiscal year 2015; and the absence of one-off tax reversal of approximately RMB 19 million recorded in fiscal year 2015.