Nine Dragons Paper (Holdings) Limited provided earnings guidance for the six months ended 31 December 2016. The Board of the Nine Dragons Paper (Holdings) Limited announced that if the exchange losses on operating and financing activities net of tax were excluded, the profit attributable to equity holders of the company for the period is expected to increase not less than 45% as compared to the corresponding period, due to stable growth of the revenue of the group. The profit attributable to equity holders of the company for the corresponding period was RMB 1,322.0 million if the exchange losses on operating and financing activities net of tax amounted to RMB 1,010.0 million were excluded. during the period, the exchange losses decreased very substantially as compared to the corresponding period.