Chuan Holdings Limited provided group earnings guidance for the full year ended December 31, 2017. The board of directors of the company inform potential investors and shareholders of the company that, based on the preliminary and assessment of the information, the group expected to have a decrease in revenue and profit for the year ended 31 December 2017 as compared to the audited result for the year ended 31 December 2016. This was mainly due to reduced revenue in the general construction sector, as the contract amount of the new awarded projects in 2017 were significantly lower than 2016 and most of the revenue of large general construction projects have been recognized in 2016; under keen market competition, company needs to lower the gross profit margin to secure new general construction projects; and increase in direct cost of the earthwork segment due to diesel price hike in 2017 as compared to 2016 has resulted in the slight decrease of profit in this segment.