Hengxing Gold Holding Company Limited provided unaudited consolidated earnings guidance for the full year ended 31 December 2017. 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 2017, the Group expects to achieve a revenue approximately RMB 961 million and a net profit after tax approximately RMB 240 million for the year ended 31 December 2017, up approximately 30% and 18% respectively from the same period of 2016. The growth of net profit is reduced by an increase in stripping volume and costs in 2017 relating to two new prospects Kuangou and Jingxi-Balake pits, which estimated to be RMB 113 million (incurred for the production stripping and developmental stripping of the two new pits). The increase in consolidated net profit after tax was primarily attributable to the increase in gold production and the average realized gold price.