Shougang Concord Century Holdings Limited provided earnings guidance for the year ended 31 December 2017. For the year, the company reported due to the recognition of the full impairment of the Prepaid Lease Payments, and the information currently available, the board of directors of the company, the group is expected to record a consolidated loss of not less than HKD 63,000,000 for the year ended 31 December 2017 as compared to a profit of HKD 10,103,000 for the year ended 31 December 2016 based on the preliminary review of the unaudited financial statements of the Group for the year ended 31 December 2017.