Jiangsu Yulong Steel Pipe Co., Ltd. provided earnings guidance for the year of 2016. For the period, the company expects a loss in the business performance, with a net loss belonging to shareholders of the parent company to be between RMB 630 million and RMB 680 million, a year-on-year decrease of about between 583.76% and 622.16%, according to preliminary statistics of its financial department.