Orient Securities Company Limited provided earnings guidance for the year ended December 31, 2018. For the year, the company provided based on preliminary calculations by the financial department, it is expected that the net profit attributable to shareholders of the listed company for the year of 2018 will be approximately RMB 1,239.1344 million, which will be reduced by approximately RMB 2,314.4920 million, representing a decrease of approximately 65.13% compared with the corresponding period of previous year. The net profit attributable to shareholders of the listed company for the previous year is RMB 3,553.6264 million. Major reasons for the estimated decrease in results for the period is - Impact of proprietary business: Affected by the drastic shocks and sharp adjustments in the securities market, the gains from fair value changes and investment income of the Company's proprietary equity investments both fell sharply compared with the corresponding period of previous year, which was the main factor behind the performance decline of the Company; Impact of the new financial instruments standards: In 2018, with the implementation of the new financial instruments standards, the price fluctuations of equity instruments held by the Company were directly reflected in the profits, and the performance of the Company was increasingly affected by market fluctuations.