Youyuan International Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2017. Based on the information currently available to the company and the preliminary review by the company's management of the unaudited consolidated management accounts of the group for the year ended 31 December 2017, the Group is expected to record an increase of approximately 190% in its consolidated net profit for the year ended 31 December 2017 as compared to that of the year ended 31 December 2016 (the audited consolidated net profit of the group for the year ended 31 December 2016 amounted to RMB 310,633,000). The Board believes that such increase in the consolidated net profit is primarily attributable to: profit contributed from the wallpaper business which the Group recently acquired, the gain on deemed disposal of an associate, the increase in sales volume during the year ended 31 December 2017, and the net foreign exchange gain arising from the appreciation of Renminbi against United States dollars.