South China Assets Holdings Limited provided group earnings guidance for the six months ended 30 June 2017. The group expects to report a profit for the six months ended 30 June 2017 as opposed to the loss for the corresponding period in 2016. The improvement in the results for the Period is mainly attributable to recognition of an one-off interest and other compensation income receivable from Shenyang City Huanggu Region Construction Administration Bureau and Shenyang Land Reserve & Exchange Centre, in respect of the Huanggu District property development project based on the court rulings in favor of the Group, details of which are disclosed in the Annual Report 2016 and in the First Quarterly Report for the three months ended 31 March 2017 of the Company. This is partially offset by the fair value loss on financial assets at fair value through profit or loss and the fair value loss on redemption option embedded in the redeemable convertible preference shares of a related company in the Period.