Wuzhou International Holdings Limited provided group earnings guidance for the full year ended December 31, 2017. The board of directors of the company announced that based on the Group's unaudited consolidated management accounts for the year ended December 31, 2017, the Group is expected to record a loss for the year attributable to owners of the Company of approximately RMB 518 million as compared to a profit of approximately RMB 101 million for the corresponding year in 2016. The estimated loss for the year ended December 31, 2017 was primarily attributable to (i) a decrease in gross profit by approximately 49.2% to approximately RMB 683 million mainly due to (a) a decrease in sales of total gross floor area and (b) a decrease in the average selling price of the Group's property development projects and (ii) an increase in the Group's finance cost by approximately 33.8% to approximately RMB 814 million, as compared to the corresponding year in 2016.