Fresh Express Delivery Holdings Group Co., Limited announced that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 March 2018, the Group's consolidated net profit attributable to the owners of the company for the year ended 31 March 2018 is expected to decrease significantly as compared to that for the corresponding period in 2017. Based on the information currently made available, the expected decrease in net profit is principally attributable to the strategic adjustment of the Group in focusing on the development of small and medium-sized clients, and gradually reducing reliance on the sales to a few major customers, the Group's total sales revenue decreased over the current year, but the customer structure has been greatly improved; and due to the Group's major property, plant and equipment were purchased during the corresponding period in 2017, the depreciation expense was provided from the purchase date to the year ended 31 March 2017 (approximately 9 months). The depreciation expense increased by providing full depreciation expense (12 months) for the current year.