Xinyi Solar Holdings Limited provided earnings guidance for the six months ending June 30, 2016. The consolidated net profit attributable to the equity holders of the company for the six months ending 30 June 2016 is expected to increase by 70% to 90%, as compared with the Net Profit of HKD 601.0 million for the six months ended 30 June 2015. The directors consider that the significant increase in the amount of the net profit for the six months ending 30 June 2016 is primarily attributable to: the increase in the sales volume of the group's solar glass products by around 50%, as compared with the sales volume during the six months ended 30 June 2015, largely driven by the continuous growth in solar power installation in China; the improvement in the profit margin of solar glass products as a result of improvement in cost and production efficiency; and the increase in electricity generation income derived from the solar farm business of the group as a result of the substantial increase in the installed capacity of the solar farms of the group in the second half of 2015 and the first half of 2016.