China Oriental Group Company Limited provided earnings guidance for the six months ended 30 June 2017. Based on a preliminary review of the Group's unaudited consolidated management accounts for the five months ended 31 May 2017 and the sales performance of the Group for June 2017, the Group is expected to record a very significant increase in net profit for the six months ended 30 June 2017, as compared with the corresponding period in 2016. Based on the information available to date, the expected increase in net profit of the Group for the six months ended 30 June 2017 is mainly attributable to the combined effects of, among other things, the growth in expected sale revenue and increase in average selling price of the steel products; and effective cost control implemented by the Group. As a result, a notable increase in gross profit margin.