China Child Care Corporation Limited provided preliminary unaudited earnings guidance for the six months ended June 30, 2016. The company's management estimated that the net profit after tax of the group for the six months ended 30 June 2016 would decrease by approximately 50% to 60% as compared with that of the corresponding period in 2015, mainly due to: the expected decrease of approximately 35% to 45% in the group's income. The decrease in income of the group was due to the continuous impacts arising from the slowdown of domestic economic growth and the change in consumers' consumption habits to electronic commerce, as well as the impact arising from the postponement of introducing new series of products to the end of the second quarter of 2016 which was originally planned to be on the market in the first quarter of 2016; and the increase in the discount given to the distributors by the group starting from the second quarter of 2015 and the extension of the abovementioned discount in 2016.