Baoye Group Company Limited provided group earnings guidance for the six months ended 30 June 2017. The board of directors of the company informed the shareholders of the company and potential investors that the group has recorded an increase of approximately 30% in the profit attributable to equity holders of the Company for the six months ended 30 June 2017, as compared to the corresponding period in 2016. Based on the information currently available, the board believes that the substantial increase in profit is mainly attributable to the increase of delivery units from the property development business.