China XLX Fertiliser Ltd. provided earnings guidance for the year ended December 31, 2018. Net profit of the Group for the year is expected to increase by no less than 50% as compared to that of the year before, having taken into account the impact of the one-off impairment loss in the amount of approximately RMB 170 million in aggregate to be recorded by the Group in relation to the closure of its first urea production line. The increase in the net profit of the Group was mainly due to- the continuous increase in the proportion of sales of high- efficiency fertilisers of the Group; the increase in the Group's ability to adjust the product mix of the Group's production line in a flexible manner according to the profitability of its products; and the increasing pressure on environment protection in the PRC leading to the close-down and accelerated elimination of a large number of small-scale and pollutive manufacturers as well as the increase in the demand for products of the Group, which in turn resulted in the increase in selling prices of the Group's products.