Hailan Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2016. The board of the company announced that, based on the company's preliminary review of the latest unaudited consolidated management accounts of the group, it is expected that there will be an over 90% decline of the group's profit for the six months ended 30 June 2016 as compared with the corresponding period in 2015. Such expected decrease in profit was mainly due to: the increase in interest expenses given the group no longer capitalize the relevant interests expenses for Sanya Phoenix Aqua City Left Shore and Haikou Phoenix Aqua City after the constructions are completed; the increase in selling and distribution expenses, mainly due to expected increase in commission expenses; and the non-recurring listing expenses incurred by the group in relation to the listing of the shares of the company on the Main Board of The Stock Exchange of Hong Kong Limited for the six months ended 30 June 2016. The expected decrease in profit was also due to the expected decrease in revenue and gross profit for the six months ended 30 June 2016 as compared with the corresponding period in 2015.