China Agri-Industries Holdings Limited provided earnings guidance for the year ended December 31, 2017. The board of directors of the company announced that based on the Group's unaudited consolidated management accounts for the year ended December 31, 2017, the profit attributable to owners of the company for the year is expected to be approximately HKD 3 billion, representing a significant increase as compared to the profit attributable to owners of the company of HKD 1.4 billion for 2016. The Board believes that the year-on-year improvement of the performance of the Group was mainly attributable to the following reasons: the company aligned itself with the industry's development trend of upgrading, and established the strategic positioning of "Focusing on rice, flour and edible oil products, with the aim of repositioning itself as the leading integrated player for the grain and edible oil processing and branded consumer business". As part of this strategy and during the Year, the Group completed acquisition of the business of consumer-pack edible oil to streamline the value chain; and completed disposals and discontinued the biochemical and biofuel business. The unaudited one-off gain on disposal is expected to be approximately HKD 0.9 billion. In 2017, the Chinese economy continued to have good momentum, achieving growth while maintaining stability. The company strengthened its professional operation, actively tapped into potential markets to realise higher utilisation of production capacity.