The board of directors of China Hongqiao Group Limited has announced that the Group is expected to record a significant increase in the consolidated profit attributable to shareholders of the company for the year ended 31 December 2016 as compared to that for the corresponding period of 2015, representing an expected increase of 70% to 100%. The increase in the consolidated profit attributable to the Shareholders was mainly attributable to the production and sales volume of the Group's aluminum products increased on a year-on-year basis; and the average price of aluminum products for the year ended 31 December 2016 increased as compared with that in the same period of 2015, which had a positive effect on the Group's overall gross profit margin of aluminum products.