Sany Heavy Equipment International Holdings Company Limited provided earnings guidance for the year ended 31 December 2016. The board of directors of the company informed the shareholders of the company and potential investors that, it is expected that the Group will record a significant net loss for the year ended 31 December 2016, as compared to the net profit for the year ended 31 December 2015, although the magnitude of such loss is yet to be quantified. Such expected net loss was primarily attributable to that the Group adheres to the principle of prudence, therefore decides to increase the provision made for trade receivables and inventory for the year ended 31 December 2016.