C.P. Lotus Corporation provided group earnings guidance for the six months ended June 30, 2017. For the six months, the company expected to record a profit of around RMB 100 million, as compared to a loss of RMB 63.9 million for the corresponding period in 2016. This very significant turnaround in the Group's profitability attributable to the significant reduction in store operating expenses and administrative expenses arising from the reduction in staff number at both the store and head office levels, improved productivity, the termination of third party cleaning and security services in certain regions and better utility usage management.