Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited provided earnings guidance for the six months ended June 30, 2017. For the period the Group, it is expected that the company would record an increase in the consolidated net loss for the first half of 2017 as compared with that for the corresponding period in 2016. Such net loss is mainly due to the drop in oil price that led to the reduction in the number of large-size domestic and overseas orders received and the interest expenses were increased in first half of 2017.