Xinjiang Xinxin Mining Industry Co., Ltd. provided preliminary group earnings guidance for the six months ended 30 June 2018. The group expects its consolidated revenue for the six months ended 30 June 2018 to amount to RMB 866 million, representing an increase of approximately 95.8% as compared with the revenue of RMB 442 million of the same period in the previous year. Furthermore, the consolidated results of the group for the six months ended 30 June 2018 are expected to record a net profit of not less than RMB 6 million, compared to the consolidated results of a net loss of RMB 64.52 million for the same period in the previous year. The Board believes that the significant increase in revenue and operating results of the group for the six months ended 30 June 2018 is mainly attributable to: the selling prices of nickel cathode and copper cathode, the principal products of the group, which was higher during the Period as compared with the same period of previous year, of which, selling price of nickel cathode increased by 36.5% and copper cathode increased by 11.7%; and the group seized the opportunity of the rising market price of nickel cathode during the period and rationally released the inventory to increase the sales volume of nickel cathode. A total of 7,093 tonnes of nickel cathode were sold, of which 1,335 tonnes were released from inventory to increase sales.