China Baofeng (International) Limited provided earnings guidance for the full year ended 31 December 2017. The Group is expected to record a net profit of not less than HKD 400.0 million for the year ended 31 December 2017 as compared to a net profit of approximately HKD 141.5 million for the year ended 31 December 2016. The significant increase in the net profit of the Group for the year ended 31 December 2017 was mainly attributable to the full year contribution from the Group's photovoltaic power generation project in Ningxia Hui Autonomous Region of the People's Republic of China, which commenced on-grid electricity power generation since second half of 2016.