China Qinfa Group Limited provided earnings guidance for the year ended 31 December 2018. For the period, the board of directors of the Company announced that based on information currently available to the Company and the preliminary review on the Group's unaudited consolidated management accounts for the year ended 31 December 2018, the Group is expected to record a profit attributable to equity shareholders of the Company for the year ended 31 December 2018 not less than RMB 1.5 billion, as compared to profit attributable to equity shareholders of the Company of approximately RMB 3.16 billion for the year ended 31 December 2017. The consolidated profit attributable to equity shareholders of the Company for the year ended 31 December 2018 decreased mainly due to decrease in the reversal of impairment losses on property, plant and equipment and coal mining rights.