China Huirong Financial Holdings Limited announced earnings guidance for the year ended December 31, 2016. The company announced that based on the currently available preliminary assessment of the unaudited consolidated management accounts of the Company for the year ended 31 December 2016 the Board expects to record a significant decrease in revenue by approximately 40 to 50% for the year ended 31 December 2016 as compared to the revenue for the year ended 31 December 2015; and the Board expects to record a significant decrease in profit attributable to equity holders by approximately 50 to 60% for the year ended 31 December 2016 as compared to the profit attributable to equity holders for the year ended 31 December 2015. decrease in the revenue and profit attributable to equity holders, respectively, for the year ended 31 December 2016 as compared to those for the year ended 31 December 2015 was primarily attributed to the decrease in the amount of interest income generated from loans granted to customers as a result of a lower overall interest rates due to market environment; and a significant increase in net charge of impairment allowance on loans granted to customers by approximately 60% for the year ended 31 December 2016 as compared to the net charge of impairment allowance on loans granted to customers for the year ended 31 December 2015.