O-Net Technologies (Group) Limited provided group earnings guidance for the six months ended 30 June 2018. The group is expected to record an increase of not less than 50% in the net profit attributable to equity holders of the Company for the six months ended 30 June 2018 as compared to the corresponding period last year. This was primarily attributable to (i) an increase of not less than 35% in revenue which was mainly driven by the strong growth of optical networking business; (ii) lower operating expense to revenue ratio of the group as a result of effective budget management and operating leverage; and (iii) a recognition of a significant fair value gain attributable to the public listing of an investment during the six months ended 30 June 2018. These favorable impacts more than offset the impact from lower gross profit margin as affected by the drop in coating demand of the smartphone industry.