Century Sage Scientific Holdings Limited provided unaudited group earnings guidance for the year ended December 31, 2017. Based on a review of the Group's unaudited consolidated management accounts for the year ended 31 December 2017, the Group is expected to record a net loss of not less than RMB 130 million for the year ended 31 December 2017 as compared to a net profit of RMB 52.5 million for the year ended 31 December 2016. The loss was mainly attributable to the write- off of receivables of approximately RMB 160 million during the year ended 31 December 2017 in relation to certain contracts for, among others, supply of equipment and provision of installation systems and other services for Le Sports.