The United Laboratories International Holdings Limited provided earnings guidance for the year ended December 31, 2015. The company based on the unaudited consolidated management accounts of the Company for the year ended 31 December 2015 prepared in accordance with Hong Kong Financial Reporting Standards, the Group's unaudited annual results for the year ended 31 December 2015 is expected to record a substantial decrease to a net profit of approximately HKD 100 million, while the net profit for the year ended 31 December 2014 is approximately HKD 681 million. The substantial decrease in net profit for 2015 is attributable to a number of factors as below: One-off subsidy income of approximately HKD 390 million from Chengdu local government was received last year but there is no such subsidy income in current year; Loss arising from RMB forward contracts due to depreciation of RMB during the year 2015; and decrease in turnover of intermediate products and bulk medicine products thus resulting decrease in gross profit.