China Water Industry Group Limited provided group earnings guidance for the year ended December 31, 2016. For the year, the company announced that the group is expected to record a net profit of not less than HKD 60 million for the year ended 31 December 2016 as compared to a net loss of HKD 70.60 million in 2015. The board considers that the aforesaid turnaround from loss to profit was principally attributable to: a gross profit growth generated from renewable energy business and construction service business for water supply; the recent upturn in the financial market, resulting in a net gain on available- for-sale investments and financial assets at fair value through profit or loss recorded in the year ended 31 December 2016; a realized gain on disposal of investment fund and listed equity securities; and increase in other operating income mainly arising from service income received from managed project, interest income and the government subsidy.