Northeast Electric Development Company Limited provided earnings guidance for the year ended December 31, 2016. It is predicted that the Company will suffer from a loss of about RMB 75,000,000 to RMB 110,000,000 and loss per share of RMB 0.086 to RMB 0.126 in the past year of 2016 according to the preliminary calculation from the financial management department. The operating revenue of this year decrease about 60% compared to the prior year. The bad debt provisions for inventory impairment and account receivables of this year are significant.