China Putian Food Holding Limited provided earnings guidance for the six months ended June 30, 2017. The Group is expected to record a decline of profit of around 57.8% for the six months ended 30 June 2017 compared with the profit for the corresponding period last year. Such decline was mainly due to (i) the decrease in the gross profit mainly attributable to a decrease in sales of pork products as a result of weak end-product spending resulting from slowdown of China's macro economy and short-term effect of gradual transformation to the high-end pork market on the performance and sale; (ii) the loss arising from decrease in change in fair value less costs to sell of biological assets; and (iii) the increase in selling and distribution expenses mainly resulting from upfront marketing fees for market exploration of black hog products in the future.