China Binary New Fintech Group provided earnings guidance for the year ended December 31, 2018. The board of directors of the company announced that, as compared to the Group's result of a profit of approximately RMB 841,000 for the year ended 31 December 2017, the Group is expected to record a significant loss for the year ended 31 December 2018, mainly due to the write-off of account receivables and the increase in administrative expenses arising from scaled up investment in various new business segments.