Xinchen China Power Holdings Limited provided earnings guidance for the six months ended 30 June 2017. The company expects that the unaudited profit attributable to its equity shareholders for the six months ended 30 June 2017 will record a decrease of approximately 40% as compared to that for the six months ended 30 June 2016. Such decrease was mainly due to a decrease in the sales of N20 engines as N20 engines have been phased out in 2017 for BMW vehicles and a decrease in government grants.