Lianhua Supermarket Holdings Co., Ltd. provided earnings guidance for the six months ended June 30, 2017. For the period, the Group is expected to record a net loss ranging from approximately RMB 4 million to RMB 5 million for the as compared to the profit of approximately RMB 2,944,000 of the six months ended 30 June 2016. The expected net loss is mainly attributable to the continuous shrinking market demand, consumer traffic diversion resulting from intensified competition of online and offline retailers due to diversified shopping channels, which led to a decrease in the Group's sales.