Sinofert Holdings Limited provided earnings guidance for the year ended of December 31, 2016. For the period, the board of directors of the company announced that the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the group, it is expected that there will be a notable deterioration in the operating results of the group for the year ended December 31, 2016 as compared with those for the year ended December 31, 2015, and the group is expected to record a considerable loss for the year ended December 31, 2016. The expected loss is mainly attributable to the decrease in gross profit margin of fertilizer products due to the depression of the domestic fertilizer industry in 2016.