Tianjin Binhai Teda Logistics (Group) Corporation Limited provided earnings guidance for the nine months ended 30 September 2017. The board of directors of the company announced that, based on the initial assessment of the Group's unaudited management accounts, the Group may record a decrease in profit attributable to the owners of the Company by approximately 63% for the nine months ended 30 September 2017, as compared to that for the corresponding period in 2016. The Board considers that such decrease in profit is mainly due to the impact by the exchange rate fluctuations and increased operating costs and expenses, the operating results of Tianjin Alps Teda Logistics Co. Ltd. and Dalian Alps Teda Logistics Co. Ltd. (both joint ventures of the Company) declined; meanwhile, due to the decrease in the amount of meat inspection, there was an increase in losses in the operating results of Tedahang Cold Chain Logistics Co. Ltd. compared to last year, resulting in the decrease in the Company's investment income as compared with the corresponding period last year; the branch company in Changshu City of the Company was in the initial establishment stage for its business, its income was unable to cover its fixed costs, therefore loss was incurred for its operating results; and varying degrees of decline were recorded for the operating results in materials procurement business and other traditional logistics business segments of the Group during the nine months ended 30 September 2017 as a result of the decrease in business volume and the increase in expenses.