Ping An Securities Group (Holdings) Limited provided unaudited consolidated guidance earnings results for the year ended December 31, 2018. For the year, the company expected revenue for fiscal year of 2018 is expected to increase substantially as compared to the revenue for the corresponding period in 2017 ("fiscal year of 2017"); and the loss for fiscal year of 2018 is expected to be much higher as compared to the loss for fiscal year of 2017. Based on the information currently available, the Board considers that the much higher loss was mainly attributable to recognition of property tax expenses and other related surcharges in connection with pre-leasing of investment properties under development as expenses for fiscal year of 2018, while the corresponding rental receipts could not be recognized as income simultaneously; a significant loss from changes in fair value of investment properties under development in fiscal year of 2018 as compared to a gain in fiscal year of 2017; significant increase in administrative expenses in fiscal year of 2018 due to expansion of business with additional costs incurred in staffing and office expenses; impairment loss on loans and receivables arising in fiscal year of 2018; and loss arising from mining and trading of cypto currencies in fiscal year of 2018.