Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the company is expected that the Company would report a consolidated net loss, as compared to the consolidated net profit of RMB 70.6 million recorded for the six months ended 30 June 2014. It is mainly attributable to (i) a drop in the domestic sales primarily attributable to the delay in the bidding process of pipeline projects in the PRC due to the aftermath caused by the government's anti-corruption movement; (ii) a decrease in fair value gains on the Group's investment properties; and (iii) a decrease in government subsidies granted in relation to the Group's investment in Lianyungang.