Grand Ocean Advanced Resources Company Limited provided earnings guidance for the year ended 31 December 2017. For the year, the company expected to record increase in consolidated loss attributable to the owners of the company. Such loss for the year ended 31 December 2017 was primarily due to (i) the operating loss of the coal mining business due to the reduction in coal production output in order to comply with relevant policies of the People's Republic of China coal industry; (ii) the operating loss and the additional costs for small scale production of the coal upgrading business for the year; and (iii) impairment losses on certain property, plant and equipment of the Group.