China Yongda Automobiles Services Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The group is expected to record a substantial increase of more than 60% in the profit attributable to owners of the company for the six months ended 30 June 2017 over the same period of 2016. The expected substantial increase in the profit attributable to owners of the company as mentioned above is mainly due to, inter alia, (i) a steady increase in the sales volume of new vehicles and the improvement in gross profit margin; (ii) the revenue from after-sales services increased rapidly; (iii) fast growth in finance and insurance services and pre-owned vehicles services.