China Unienergy Group Ltd. provided group earnings guidance for the year ended 31 December 2016. Based on the preliminary assessment of the unaudited consolidated management accounts of the group for the year ended 31 December 2016, the board of directors of the company informed the shareholders of the company and potential investors that the group is expected to record a significant increase in the consolidated net profit when compared to the audited consolidated net profit of the group for the year ended 31 December 2015, which was mainly attributable to the significant increase in revenue for the reporting period as compared with the prior year due to the increase in the average selling price for clean coal and fine coal products, after the installation and the put into use of coal preparation facilities since the last quarter of 2015, as well as the increase in the prevailing market price of coal products, and the increased production capacity, and hence the sales volume, of the company's Weishe Coal Mine, Luozhou Coal Mine and Lasu Coal Mine. As a result of the technological upgrades of the mines of the group, Luozhou Coal Mine and Lasu Coal Mine have been under joint trial run at the increased annual production capacity since the last quarter of 2015 and the first quarter of 2016, respectively. And Weishe Coal Mine had been under joint trial run at the increased annual production capacity since the last quarter of 2015 and has recently obtained the safety production permit with the increased permitted annual production capacity in February 2017.