Joy City Property Limited provided group earnings guidance for the six months ended June 30, 2017. For the six months, the company that, based on its preliminary review of the unaudited consolidated management accounts of the group for the six months ended 30 June 2017, the group is expected to record the increases not less than 70%, 150% and 30% in its unaudited revenue, consolidated profit and consolidated profit attributable to owners of the company for the six months ended June 2017 as compared to these for the corresponding period in the previous year. Based on the information currently available, the aforesaid significant increases in revenue, consolidated profit and consolidated profit attributable to owners of the Company were mainly attributable to the substantial increase in the revenue from sales of properties due to the increase in the settlement area and the settlement unit price of the delivered properties; the substantial decrease in the exchange loss due to the fluctuation of the exchange rate of Renminbi as compared to that for the corresponding period in the previous year; and expected increase in the fair value gain of the Group's investment properties for the six months ended 30 June 2017 as compared to that for the corresponding period in the previous year.