China Evergrande Group provided earnings guidance for the year ended 31 December 2017. The Group is expected to record a substantial increase in its profit attributable to the company's shareholders and the net profit from the core business for the year ended 31 December 2017 as compared with the previous year. Of which, the profit attributable to shareholders is expected to be 4 to 5 times of that of last year, and the net profit from the core business is expected to be approximately 2 times of that of last year. The substantial increase was primarily attributable to the improvement in product quality, enhancement of product added value, reduction in expenses, increase in the floor area of properties delivered and the redemption of the perpetual capital instruments by the Group during the relevant period.