Da Ming International Holdings Limited provided earnings guidance for the year ended December 31, 2016. The group is expected to record a net profit for the year ended 31 December 2016. In particular, the net profit for the six months ended 31 December 2016 would be not less than 200% of that for the six months ended 30 June 2016. As a result, the Group is expected to record a very substantial increase in net profit for the year ended 31 December 2016 as compared with that for the year ended 31 December 2015. The Board considers that the expected improvement in the overall results of the Group for the year ended 31 December 2016 as compared with the year ended 31 December 2015 was principally due to: there was an increase in the sales volume and processing volume of stainless steel and carbon steel processing services for the year ended 31 December 2016 as compared with the year ended 31 December 2015; the market price of both stainless steel and carbon steel raw materials rose; steadily during the year ended 31 December 2016; and contribution from new equipment and newly opened processing centre.