China BlueChemical Ltd. provided earnings guidance for the year ended December 31, 2017. The Board expects the Group to record a net profit attributable to owners of the parent approximately from RMB 50 million to RMB 80 million for the year ended 31 December 2017 as compared to a net loss attributable to owners of the parent of approximately RMB 216 million for the year ended 31 December 2016. The principal factors contributing to the expected net profit attributable to owners of the parent of the Group include: the higher selling price realized by the Company for the products of the Company in 2017 as compared to that in 2016; and the Company recognized assets impairment losses approximately from RMB 420 million to RMB 460 million in aggregate for the coal-based urea plant of CNOOC Huahe Coal Chemical Ltd. and the phosphate fertilisers and compound fertilisers plants of Hubei Dayukou Chemical Co. Ltd. after conducting an impairment testing on coal- based urea plant and phosphate fertilisers and compound fertilisers plants of the Company in accordance with IAS 36, due to significant rise in the price of raw materials, such as coal and liquid ammonium in 2017.