Huayi Tencent Entertainment Company Limited provided earnings guidance for the year ended 31 December 2018. The board of directors of the company announced that, based on the group's preliminary unaudited assessment for the year ended 31 December 2018, the Group is expected to record a consolidated net profit for the Current Year of over HKD 70 million, while there was a consolidated net loss for the year ended 31 December 2017 of approximately HKD 102 million. Excluding the profit from discontinued operations (which includes the gain on disposal of Beijing Hao You Media Culture Co., Ltd), the Group is expected to record a consolidated net loss from continuing operations for the Current Year of less than HKD 70 million, significantly reduced from the consolidated net loss from continuing operations for the Prior Year of approximately HKD 141 million. This is mainly attributed to the significant reduction in the amount of provision for impairment during the current year.