Dongfang Electric Corporation Limited provided earnings guidance for the six months ended of June 30, 2017. For the six months, the Group is expected to record net profit attributable to shareholders of the company of approximately RMB 370 million for the six months ended 30 June 2017 as compared to the net profit attributable to shareholders of the company for the corresponding period in 2016 of RMB 341,652,500. The expected increase of the net profit of the group for the six months ended 30 June 2017 is mainly because in the first half of 2017, the company implemented the lowering costs project, intensified internal management and devoted great efforts on cost reduction and efficiency enhancement, which achieved good results in effective increases in localization rate, procurement concentration and material utilization; meanwhile, the increasing sales of the projects with greater profitability during the period as well as the increase in gross profit margin of principal businesses from January to June as compared to the corresponding period last year are due to changes in sales structure in the first half of 2017; the company exerted efforts on the collection of receivables in 2017, as a result, good achievements have been scored in this regard, and provision for asset impairment losses decreased during the period as compared to the corresponding period last year.