China Outfitters Holdings Limited provided group earnings guidance for the year ended 31 December 2015. The company expected that group's unaudited net profit for the year ended 31 December 2015 will decrease significantly by at least 40% as compared with that for the year ended 31 December 2014 of RMB 202,911,000. The decline of the unaudited net profit is mainly attributable to (i) the continuous slowdown in growth of macro-economy and weak retail market sentiment; (ii) the impact of e-commerce on conventional retailers and led to a decrease in revenue of the group; (iii) decrease in gross profit margin due to provisions against long-aging inventories; (iv) decrease in finance income; and (v) increase in selling and distribution costs for development of the Group's new brands.