Weiye Holdings Limited provided earnings guidance for the six months ended 30 June 2017. The Group is expected to record a net loss attributable to owners of the company for the first half of 2017, which is approximately 149% decrease as compared to six months ended 30 June 2016, due to a decrease over 20% in gross profit mainly caused by the sale of lower margin residential units in second quarter of 2017; and an increase over 50% in selling and distribution expenses mainly attributable to more promotional activities for the upcoming projects and more sales commission paid for sales of development properties.