Solargiga Energy Holdings Limited provides earnings guidance for the ended December 31, 2016. The Board based on a preliminary assessment on the unaudited management accounts of the Group for the financial year ended 31 December 2016, it is expected that the Group will record a substantial loss for the financial year ended 31 December 2016 as compared to a profit for the financial year ended 31 December 2015. The Board considers that the substantial loss is mainly a result of (1) the less-than-expected production capacity where certain segment of machinery and equipment was under upgrade and transformation during the year and hence the Group was not able to capitalise on the advantages of economies of scale; and (2) the increase in research and development expenses for the continuous enhancement of manufacturing process and existing and new products.