Kingdom Holdings Limited provided consolidated earnings guidance for six months ending June 30, 2017. The group is expected to record a profit attributable to owners of the company of approximately RMB 3,000,000 as compared to the profit attributable to owners of the company of RMB 37,751,000 for the six months ended 30 June 2016. The expected decrease in profit for the six months was primarily due to the market price of raw materials reached record high since 2016, and lower gross margin resulted from the Group's strategic reduction of the average selling price of linen yarn since April 2016 and the fact that no one-off government grant of approximately RMB 25,000,000 in other income and gains received by the group for the six months ended 30 June 2016 has been or will be received by the Group for the six months ending 30 June 2017.