Xinjiang Xinxin Mining Industry Co., Ltd. provided group earnings guidance for the year ended 31 December 2017. For the year, based on the information currently available to the company and the preliminary review by the company's management of the unaudited management accounts of the group for the year ended 31 December, the group expects that its consolidated net loss for the year will be not more than RMB 87 million, representing a significant decrease of approximately 63% as compared with that for the previous year which amounted to RMB 236 million. The net loss was mainly attributable to the increase in average selling prices of the company's main products during the year, namely nickel cathode and copper cathode, by 9.4% and 34.6%, respectively, as compared with the previous year; and the contribution of gross profit from selling inventory of electrolytic cobalt.