Qinhuangdao Port Co., Ltd. provided earnings guidance for the year ended 31 December 2016. For the period, the company informed the shareholders that the net profit attributable to owners of the parent for the year ended 31 December 2016 is expected by the Group to be approximately RMB 336 million to RMB 471 million representing a decrease of approximately 65% to 75% as compared with the corresponding period of 2015. It is expected that the year-on-year decrease of the Annual Shareholders' Net Profit in 2016 will be less than the year-on-year decrease of the Interim Shareholders' Net Profit. The main reasons are as follows: The Group has continued to strengthen its operations and benefited from the increased supply and demand in the coal market since October 2016 compared with that of the first half of the year, which has led to the increased coal throughput of Qinhuangdao Port. However, uncertainty remains in the subsequent supply and demand situation and changes of the overall coal market; By means of implementing a series of internal administrative measures to enhance the cost management, the Group has managed to more effectively control its costs in the second half of the year.