Shandong Molong Petroleum Machinery Company Limited revised earnings guidance for the year ended December 31, 2017. For the full year, the company previously estimated that the year-on-year change in net profit from January to December 2017 will be turning losses into gains, and the expected amount of net profit will be approximately RMB 16 million to approximately RMB 24 million. Now the company expects net profit attributable to shareholders of the company to be gain between RMB 30 million to RMB 42 million. Reason for the revision of the results forecast is in the second half of 2017, affected by the price increase in the crude oil and the changes in the economic situations, the market of pipelines for oilfields was turning better that both the demands of products for all kinds of oilfields and relevant product prices increased by different level compared to the first half of the year, and accordingly leading to the increase sales of oil well pipes by the company and an comparable increase of the gross profit margin of the company. Therefore, the operating results of the company improved compared to the previous forecast.