Grand Baoxin Auto Group Limited provided preliminary unaudited consolidated earnings results for the six months ended 30 June 2017. The company expected that the group will record a substantial increase in its unaudited consolidated profit for the six months ended 30 June 2017 and the expected profit attributable to owners of the parent for the reporting period will represent an increase of no less than 500% as compared to that for the six months ended 30 June 2016, primarily attributable to the stabilization and steady growth of the revenue generated from the group's automobile sales and after-sales businesses after its integration with China Grand Automotive Services Co. Ltd. in 2016; the realization of synergies after the company's integration with the CGA group, in particular in the development of the group's extended services, resulting in a significant increase in the group's commission income; and the group's rapid development through integration after acquiring six subsidiaries of Wenzhou Kaiyuan group in the first half of 2017, contributing to the group's profits.