Texhong Textile Group Limited provided unaudited earnings guidance for the six months ended 30 June 2017. Based on a review of the Group's unaudited management accounts for the six months ended 30 June 2017, the earnings of the Group for the six months ended 30 June 2017 has a substantial increase as compared to that of the six months ended 30 June 2016. Such increase was mainly attributable to the accounting gain on acquisition of the jeans wear business by the Group in the first half of 2017. With the increase in the Group's yarns sales volume, though the profit margin was lower due to comparatively weaker market demand and keen competition in China, the net profit still recorded a slight increase as compared to the corresponding period in 2016 without taking into account of the accounting gain on acquisition.