Xinyi Solar Holdings Limited provided earnings guidance for the year ending December 31, 2016. The board directors expects amount of the consolidated net profit attributable to the equity holders of the company for the year ending December 31, 2016 is expected to increase by 50% to 65%, as compared with the net profit for the year ended December 31, 2015 of HKD 1,205.6 million. The significant increase in the amount of the 2016 Net Profit is attributable to the following principal factors: The revenue generated from the solar power business is expected to increase by more than twofold in 2016 as compared to 2015 as a result of the substantial increase in aggregate grid-connected capacity of the solar farms operated by the Group in 2016; and the increase in the revenue and the improvement in the gross profit margin of the solar glass business because of the growth in sales volume of solar glass in 2016 by approximately 10%, as compared with same in 2015, and the improvement in the cost and production efficiency of the solar glass business of the Group.