Ping An Securities Group (Holdings) Limited provided group earnings guidance for the six months ended June 30, 2018. The revenue for first half of 2018 is expected to increase substantially as compared to the revenue for half year 2017; and the loss for half year 2018 is expected to be much higher as compared to the loss for half year 2017. The much higher loss was mainly attributable to recognition of agency fee, value added tax and property tax expenses in connection with pre-leasing of investment properties under development as expenses for half year 2018, while the corresponding rental receipts could not be recognized as income simultaneously; no gain on disposal of investments in half year 2018 as compared to a gain of approximately HKD 12 million on disposal of subsidiaries in half year 2017; and significant increase in administrative expenses in half year 2018 due to expansion of business, additional costs incurred in staffing and office expenses.