Lianhua Supermarket Holdings Co. Ltd. provided earnings guidance for the six months ended 30 June 2016. The Group's net profit for the six months ended 30 June 2016 is expected to significantly decrease by approximately 80% to 90% as compared to that for the six months ended 30 June 2015. The expected profit decrease is mainly attributable to the downward trend of PRC's macro-economic growth, shrinking market demand, intensified competition of online and offline retailers due to diversified shopping channels, which led to a significant decrease in the group's consolidated revenue.