China Oilfield Services Limited provided earnings guidance for the six months ended June 30, 2017. For the six months, the company provided net loss attributable to owners of the company of RMB 8,403 million. The company is of the view that such decrease in loss is mainly attributable to the following factors: In the same period last year, the company suffered losses as a result of provision for impairment of fixed assets and goodwill amounting to RMB 7,144 million. In the corresponding period this year, such losses have not occurred. In the period this year, the company is dedicated to consolidate and expand domestic and oversea markets, and has gained new achievements. Among these achievements, the utilization rate of the equipment sector and the contribution ratio of technology sector have both increased. The company is actively taking a variety of measures to increase the utilization rate of the equipment sector, and to accelerate technology sector's pace of industrialization. While seeking ways to increase profits, the company has also achieved cost reduction through management measures in areas such as equipment's self-repairing enhancement and procurement methods optimization.