Guangnan (Holdings) Limited provided earnings guidance for the nine months ended 30 September 2018. The board of directors of the company informed the shareholders of the company and potential investors that, based on the Company's preliminary review of the management accounts of the Group for the nine months ended 30 September 2018, the consolidated profit attributable to shareholders of the Company for the nine months ended 30 September 2018 is expected to be increased by approximately 120% as compared to that for the corresponding period in 2017, primarily attributable to the net effect of (i) the value of investment properties in Hong Kong held by the Group increased resulting in a significant increase in the valuation gains on investment properties recorded for the period by the Group; (ii) the sales volume and gross profit per unit of tinplate products increased resulting in the decrease in loss of tinplating business; (iii) the significant drop in the price of live pigs during the current period leading to the decrease in profit of live pigs' distribution business and losses incurred by the two associates which are engaged in pig farming and sales of pigs; and (iv) the increased purchase cost of raw materials and decreased government grants income of an associate, Yellow Dragon Food Industry Co. Ltd. leading to a loss recorded by this associate in the current period as compared to a profit for the corresponding period last year.