BeijingWest Industries International Limited provided group earnings guidance for the first half of 2017. The board of directors of the company has reviewed the unaudited consolidated management accounts of the company for the five months ended 31 May 2017 and informed the shareholders of the company and potential investors that, the results of the group for the five months ended 31 May 2017 has declined significantly as compared to that for the corresponding period last year. It is expected that the group would record consolidated net loss for the first half year of 2017, whereas the group recorded consolidated net profit for the corresponding period last year. Such adverse change is primarily attributable to the factors during the period concerned: the costs of raw materials such as steel increased which have an adverse impact on the gross profit margin of the company; the new plant of the group in the Czech Republic has just commenced its production and thus has not reached its design capacity, which led to increases in fixed costs and operating expenses of the group; and revenue and gross profit generated from the plant of the group in Shanghai decreased, resulting from certain major customers of the group, being vehicle manufactures, having postponed or reduced their procurements of the products from the company's Shanghai plant due to unsatisfactory sales volume of certain automobile models.