China Evergrande Group provided group earnings guidance for the six months ended 30 June 2018. The group is expected to record a substantial increase in the after-tax net profit and the net profit from the core business for the six months ended 30 June 2018 as compared with the same period last year. Of which, the after-tax net profit is expected to increase by more than 125% from that of the same period last year, and the net profit from the core business is expected to increase by more than 100% from that of the same period last year. The substantial increase was primarily attributable to the improvement in product quality, enhancement of product added value, reduction in expenses, and increases in the floor area of properties delivered. At the same time, the management of the Company expects that the net gearing ratio of the Group for the six months ended 30 June 2018 will further decline significantly, and is expected to decrease from approximately 184% as at the end of last year to below 130%.