China Assurance Finance Group Limited provided consolidated earnings guidance for the three months ended 31 March 2016. For the period, the company is expected to record a net profit after tax as compared with a net loss for the three months ended 31 March 2015. Such net profit was mainly due to the gain on bargain purchase arising from the acquisition through the capital injection in the NCCE, completion of which took place on 7 January 2016.