China Silver Group Limited provided consolidated earnings guidance for the six months ended June 30, 2017. For the period, the group is expected to record an increase of not less than 50% in its consolidated net profit attributable to owners of the Company for the first half of 2017 as compared to that for the six months ended 30 June 2016 amounted to approximately RMB 94.2 million. The expected increase in the consolidated net profit is mainly attributable to, including but not limited to, the reasons: the significant increase in gross profit of the upstream smelting business due to stabilisation of the international commodity market; the continual strong growth recorded in the downstream new jewellery retail business; and the granting of reduction in the enterprise income tax rate of a major subsidiary.