Shenguan Holdings (Group) Limited provided group earnings guidance for the year ended 31 December 2017. The board of directors of the company informed the shareholders of the company and potential investors that based on the preliminary assessment by the board of the unaudited consolidated management accounts of the group and the information currently available to the board, the group is expected to record a decrease of approximately 55%­65% in its net profit for the year ended 31 December 2017 as compared to that for the same period in 2016. If the compensation income from contract in progress and the gain in fair value of a put option for the previous period were excluded, the group is expected to record a decrease of approximately 40%­50% in its net profit for the reporting period as compared to that for the previous period.