Wan Cheng Metal Packaging Company Limited provided earnings guidance for the full year ended December 31, 2017. Based on a preliminary review and assessment of the latest financial information currently available to the board, as compared to a profit of approximately RMB 7,344,000 for the year ended 31 December 2016, the group is expected to record a net loss of approximately RMB 3,555,000 for the year ended 31 December 2017. The net loss was mainly due to (a) the decrease in gross profit margin due to the increase of average cost of tinplate for the year ended 31 December 2017; (b) the recognition of non-recurring listing expenses of approximately RMB 8,578,000 recognised for the year ended 31 December 2017; and (c) the deferred tax recognised for the temporary difference of property, plant and equipment for the year ended 31 December 2017. Excluding the non-recurring listing expenses, the Group is expected to record a net profit of approximately RMB 5,023,000 for the year ended 31 December 2017.