China Metal Resources Utilization Limited provided earnings guidance results for the six months ended June 30, 2017. For the six months, it is expected that the interim results of the Group for the six months ended 30 June 2017 will record a net profit, as compared to the net loss for the same period of 2016. Such expectation was primarily attributable to: an increase in the Group's revenue to not less than RMB 4,000 million for the six months ended 30 June 2017 as compared to RMB 1,464 million for same period of 2016, an increase in government grants and subsidies received by the Group, and the provision for bad debts of trade receivables in the first half of 2017 decreased due to overall improvement in the metal industry, which resulted in the improvement in the trade receivables from sales of the Group's copper products.