Huabao Flavours & Fragrances Co., Ltd. provided earnings guidance for the half year ended June 30, 2018. For the period, the company expects net profit attributable to the shareholders of the listed company of RMB 498,000,000 to RMB 546,000,000 compared to RMB 462,302,900 a year ago. The reasons for the increase in the results of the current reporting period as compared with the same period last year was primarily due to the decrease in management expenses as a result of reinforced action for reasonable management and control taken by the Company, as well as the increases in interest income and receipts in government subsidies during the current reporting period.