China Power International Development Limited provided earnings guidance for the year ended 31 December 2017. For the year, the Group is expected that the consolidated profit attributable to owners of the Company will record a significant decrease of around 70% as compared to the audited annual results for the year ended 31 December 2016. Such expected decline in profit is mainly attributable to the soaring coal prices leading to a substantial increase in the fuel cost for coal-fired power generation. Although the PRC government adjusted upward the on-grid tariffs for coal-fired power in the second half of 2017, such price increment could not offset the adverse effect of the surging coal prices.