Maxnerva Technology Services Limited provided preliminary consolidated earnings guidance for the six months ended 30 June 2018. The group expects to record a consolidated net loss ranging from approximately RMB 9 million to RMB 18 million as compared to the consolidated net profit of approximately RMB 25.2 million for the six months ended 30 September 2017. The Board considers that the consolidated net loss for the six months ended 30 June 2018 is mainly caused by a fall in the overall revenue due to lack of sizeable smart manufacturing projects and a drop in the revenue attributable to the provision of other Internet-of-things solutions, as compared to the six months ended 30 September 2017.