Honghua Group Limited provided unaudited consolidated earning guidance for the six months ended June 30, 2017. For the period, the company expects the Group's loss is to increase substantially as compared to the Group's loss for the six months ended 30 June 2016. The expected loss is primarily due to the fact that the international oil price is still staying at low price and the needs for oil exploration equipment recovered at a slow pace, which together cause the revenue of the Group for the six months ended 30 June 2017 declined significantly as compared to the same period of last year and each business sector of the Group records a huge loss for the six months ended 30 June 2017.