The board of directors of IRICO Group New Energy Company Limited announced that the company is expecting to record an increase in the net profit attributable to shareholders of the company for the six months ended 30 June 2018 in comparison with the corresponding period of 2017, up by 483% - 550%. Net profit attributable to shareholders of the company approximately RMB 175 million - RMB 195 million. Basic earnings per share approximately RMB 0.078 – RMB 0.087. Reasons for the estimated increase: In the first half of 2018, the company achieved new breakthroughs in product yield and output, cut costs through lean production and energy conservation and consumption reduction, and optimized product structure to increase gross profit margin. In the meantime, the company recorded revenue of approximately RMB 144 million through transfer of 51% equity interest in Zhuhai Caizhu Industrial Co. Ltd.