Lingbao Gold Co., Ltd. provided earnings guidance for the six months ended June 30, 2015. For the six months, the company expects unaudited net loss attributable to the equity shareholders of the company to be approximately RMB 156,000,000 as compared to the corresponding year of 2014, of which the net profit attributable to the equity shareholders of the company was approximately RMB 17,398,000. Such turnaround from profit to loss was mainly due to (i) the production cost was much higher as compare to the corresponding year of 2014 in which the low cost of production in 2014 was resulted from the write-down in value of inventory for the year 2013; and (ii) the write-down in value of inventory.