BaWang International (Group) Holding Limited provided earnings guidance for the year ended December 31, 2017. The company expects a much lower operating profit from its continuing operations for the year ended 31 December 2017 as compared to an operating profit of approximately RMB 42.6 million recorded for the corresponding period in 2016. The expected decrease in the Group's profits from its continuing operations for the year ended 31 December 2017 was primarily attributable to the following factors: a much lower level of other income, which during year ended 31 December 2016 included an one-off amount in relation to a litigation claim, an increase in the costs of packaging materials and direct labour expenses, and an increase in the Group's selling and distribution costs.