China Automation Group Ltd. provided consolidated earnings guidance for the six months ended 30 June 2016. The board of directors of the company announced that, the group is expected to record, for the six months ended 30 June 2016 a consolidated loss in the range of approximately RMB 160 million to approximately RMB 190 million as compared to the loss from continuing operations of the group of approximately RMB 35.5 million for the corresponding period in 2015. The board considered that such expected loss for the interim period was mainly attributable to: the significant decline in revenue as a result of the economic slowdown in the People's Republic of China leading to project delay; and a significant decrease in gross profit margin as a result of lower level of output and loss of economies of scale.