Zhongyu Gas Holdings Limited provided group earnings guidance for the year ended December 31, 2018. The board of directors of the company announced that the Group is expected to record approximately 70% increase in gross profits of the company for the financial year ended 31 December 2018 as compared to that for the previous year. Such increase is mainly attributable to an increase in turnover which is primarily due to the significant increase in sales of piped gas to industrial customers and connection revenue under the implementation of the 'coal-to-gas' conversion policy in the Mainland China.