China Baofeng (International) Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The company expected to record a net profit of not less than HKD 190.0 million for the six months ended 30 June 2017 as compared to a loss of approximately HKD 1.4 million for the six months ended 30 June 2016. The turnaround for the six months ended 30 June 2017 was mainly attributable to the profit contribution of 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 and the improvement in profitability of the Group's lighting products business.