Xinming China Holdings Limited provided group earnings guidance for the year ended December 31, 2016. The Group is expected to record a net loss attributable to the owners of the company for the year ended 31 December 2016 as compared to the net profit for the year ended 31 December 2015. The turnaround from net profit to net loss is primarily attributable to the provision for impairment of the property for sale; and the decrease of fair value of investment properties.