Guangnan (Holdings) Limited provided preliminary consolidated earnings guidance for the year ended 31 December 2018. For the year, the consolidated profit attributable to shareholders of the company for the year ended 31 December 2018 is expected to be increased by approximately 85% 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 year by the Group; (ii) the sales volume and gross profit per unit of tinplate products increased resulting in the loss turned to a profit of tinplating business; (iii) the drop in the average price of live pigs during the current year leading to the decrease in profit of live pigs’ distribution business and the decrease in profits of 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 year as compared to a profit for the corresponding period last year.