Baoye Group Company Limited provided earnings guidance for the six months ended 30 June 2015. For the six months, the group is expected to record a decline in net profit as compared to the corresponding period in 2014. Such decrease is mainly attributable to the reason that certain property sale units, which had been pre-sold before the six months ended of 30 June 2015, cannot be delivered to the purchasers in accordance with the anticipated completion schedule, that is by 30 June 2015.

For this reason, the sales revenue of such property sale units cannot be recognised in the accounts of the Group for the six months ended 30 June 2015, resulting in a decrease in the Group's net profit for the six months ended 30 June 2015. These property sale units are expected to be delivered to the purchasers in the second half of 2015 and thus the revenue from these property sale units would be recognised in the accounts of the Group in the second half of 2015.