Jiangnan Group Limited provided earnings guidance for the six months ended 30 June 2018. Based on the preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 June 2018, the Group's profit attributable to the owners of the Company for the six months ended 30 June 2018 is expected to increase by approximately 110%, as compared with that for the six months ended 30 June 2017 in the amount of approximately RMB 37,585,000. The expected increase in profit attributable to the owners of the Company for the six months ended 30 June 2018 is mainly due to (i) the increase in turnover as compared with that for the six months ended 30 June 2017 of approximately RMB 4,667,610,000, which in turn has driven an increase in gross profit for the six months ended 30 June 2018; and (ii) the reduction in other losses as compared with that for the six months ended 30 June 2017 of approximately RMB 136,001,000, which is mainly due to the absence of the loss on disposal of inventories during the period under review, partially offset by the increase in allowance for bad and doubtful debts during the period under review.