Agile Property Holdings Limited provided earnings guidance for the year ended December 31, 2015. For the period, the board of directors of the company expected that profit attributable to shareholders of the company is likely to decline by approximately 70% as compared with that for the corresponding period in 2014 and the core net profit (profit attributable to shareholders of the Company excluding fair value gains on revaluation of investment properties and the related tax effect and foreign exchange loss/gain) is likely to decline by approximately 40%. The decrease in profit attributable to shareholders of the company is primarily due to the lower gross profit margin of the Group as a result of lower average selling prices and significant exchange losses (both realized and unrealized) arising from the depreciation of Renminbi in the second half of 2015 as the Group's revenue was almost entirely in RMB while a substantial part of its borrowings were in United States dollars and Hong Kong dollars.

The company estimates a net exchange loss of approximately RMB 1,100 million for the year ended December 31, 2015.