YuanShengTai Dairy Farm Limited provided earnings guidance for the six months ended 30 June 2018. The company expects the net loss of the Group for the six months ended 30 June 2018 will record an increase as compared to the net loss of approximately RMB 17 million for the six months ended 30 June 2017. The Board reached this view after taking into account the following principal factors: there would be an increase in loss on changes in fair value less cost to sell of biological assets for the Current Period as compared to that of the Corresponding Period due to the drop in the price of domestic raw milk; the administrative expenses incurred by the Group in the Current Period increased as compared to that of the Corresponding Period in particular, including equity-settled share option expenses; and the Group's other income, mainly interest income, decreased in the Current Period as compared to that of the Corresponding Period.