The board of directors of Yongsheng Advanced Materials Company Limited provided earnings guidance for the year ended December 31, 2016. The company announced that the profit attributable to the Shareholders for the Year is expected to increase by the range between approximately 30% and approximately 40%, as compared to the same for the corresponding period in 2015. Such improvement was mainly attributable to the increase in the Group's overall gross profit, mainly contributed by the increase in the gross profit of the differentiated polyester filament yarn production business and dyeing and processing business.