Northern New Energy Holdings Limited provided earnings guidance for the year ended December 31, 2017. The group is expected to record a significant decrease in consolidated net profit for the year ended 31 December 2017 (the Current Year) of approximately 50% as compared to the previous year ended 31 December 2016 (the Previous Year), mainly attributable to the share-based payment expenses incurred in connection with the grant of share options during the Current Year; a decrease in revenue generated from the Groups new energy business and an increase in the respective direct costs; and absence of one-off gain on disposal of subsidiaries engaged in the catering business recorded in the Previous Year.