China Environmental Resources Group Limited provided group earnings guidance for the six months ended December 31, 2016. For the period, the group is expected to record a decrease in losses as compared to the interim results for the corresponding period in 2015. This is the combined effects of increase in gross profit resulted from the increase in income from car distribution business; increase in net gain on fair value changes on financial assets at fair value through profit or loss; and decrease in general and administrative expenses due to cost-tightening measures taken by the management during the six months ended 31 December 2016.