China New City Commercial Development Limited provided earnings guidance for the six months ended 30 June 2019. The board of directors of the company based on a preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 June 2019 and the company's existing information, the Group expects to record a consolidated net profit for the Period. As compared with the corresponding period in 2018, the profitability of the company's business has improved substantially. The aforesaid turnaround from loss to profit was mainly due to the revenue generated from the completed commercial real estate development projects of the Group ' s core business during the Period has increased and the most of such projects achieved high profit margin, resulting in the gross profit of the Group having increased substantially during the Period. Moreover, the revenue and profit of the hotel segment of the Group has increased during the period.