China Baofeng (International) Limited provided consolidated earnings guidance for the six months ended 30 June 2018. The Group is expected to record a net profit of not less than HKD 285.0 million for the six months ended 30 June 2018 as compared to a net profit of approximately HKD 202.9 million for the corresponding period in 2017. The increase in the net profit of the Group for the six months ended 30 June 2018 was mainly attributable to increased contribution in revenue and net profit from the Group's photovoltaic power generation project in Ningxia Hui Autonomous Region of the People's Republic of China.