China Minsheng Drawin Technology Group Limited provided consolidated earnings guidance for the year ended December 31, 2017, the group is expected to record a net profit of approximately HKD 110 million attributable to owners of the company for the year 2017, as compared to a net loss of approximately HKD 101 million for the year ended December 31, 2016. The Board considers that the aforesaid turnaround from a loss position is primarily attributable to a gain of approximately HKD 192 million recorded by the company with respect to the disposal of 51% equity interest in Zhejiang China Minsheng Drawin Technology Co., Limited by China Minsheng Technology Investment Co., Limited and the reversal of impairment losses amounting to HKD 30 million as recognised in the consolidated statement of profit or loss and other comprehensive income for the year ended December 31, 2016 in respect of two significant receivables. The core business of the group still reported a negative margin, mainly due to slower market penetration and unexpected longer lead time to reach operation maturity.