China Qinfa Group Limited provided earnings guidance for the six months ended June 30, 2016. The company expects to record a significant decrease in revenue for the six months ended 30 June 2016 as compared with that for the six months ended 30 June 2015, but the loss attributable to equity holders of the company for the six months ended 30 June 2016 may be lower than that for the six months ended 30 June 2015. Based on the relevant information currently available to the company, the Board considers that the decrease in revenue is primarily due to decrease in the volume of coal mining and trading for the six months ended 30 June 2016 under the circumstance of continuing downturn of coal market and substantial decline in the price of coal. The decline in revenue decreases the amount of gross loss of the Group and reduces the loss attributable to equity holders of the company.