Hengxing Gold Holding Company Limited provided group earnings guidance for the full year ended 31 December 2016. The company announced that, based on the preliminary review of the available unaudited consolidated management accounts of the group for the year ended 31 December 2016, the group expects to achieve a net profit after tax approximately RMB 200 million for the year ended 31 December 2016, up approximately 270% from the same period of 2015. The significant increase in consolidated net profit after tax for the year ended 31 December 2016 of the group was primarily attributable to: substantial increase in gold production; increase in average realized gold price; and lower production costs.