China Hanking Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2017. Based on a preliminary assessment by the company's management on the unaudited consolidated management accounts of the Group, the board of directors of the company informed the shareholders of the Company and potential investors that, it is expected that the Company will record a consolidated profit for the six months ended 30 June 2017 as compared to a consolidated loss for the six months ended 30 June 2016. Turning from a loss to profit is mainly attributable to: the recognized investment revenue of approximately RMB 750 million from the sales of the entire equity interests of Hanking Australia Pty Ltd., a subsidiary held by the Company, with total enterprise value of AUD 330 million; and the company's iron ore business for the first half of 2017 turning from a loss to profit as compared with that for the first half of 2016. The company's iron ore business turning from a loss to profit is mainly attributable to an increase in the average selling price of iron ore concentrates by approximately 41% year-on-year, an increase in the sales volume of iron ore concentrates by approximately 18% year-on-year and the termination of provisions for impairment of iron ore fixed assets in the first half of 2017. It is expected that unaudited consolidated profit will be approximately RMB 870 million for the first half of 2017.