Shunfeng International Clean Energy Limited provided earnings guidance for the six months ended 30 June 2018. The board of directors announced that based on the assessment with reference to the unaudited consolidated management accounts of the Group, it is expected that the Group will record a loss of approximately RMB 1,154 million for the six months ended 30 June 2018, and is mainly attributable to the following reasons: Since the competition in the sales market of solar energy products continued to be intense, the Group's sale volume of solar energy products during the first half of 2018 recorded 1,969 MW, representing an increase of only approximately 0.5% as compared to 1,960 MW for the same period of the First half of 2017. At the same time, the average selling price of the Group's solar module and solar cell decreased by approximately 2.1% and 17.6% respectively as compared with the First half of 2017. Besides, the gross profit margin of the Group's solar module sales decreased from 10.3% in the First half of 2017 to 8.2% for the First half of 2018, and the gross profit margin of the Group's solar cells sales decreased from 7.8% in the First half of 2017 to 5.9% in the First half of 2018. In view of the above, and as the sales and gross profit of solar products do not have significant improvement as of the date of this announcement, the Board determined the provision for impairment of approximately RMB 681 million for the property, plant and equipment and the goodwill of the Group under the solar energy products segment; According to the five-year profit forecast of Wuxi Suntech Power Co., Ltd, a wholly-owned- subsidiary of the Group, it is expected that no sufficient taxable income will be generated in the foreseeable future. As such, the Group reversed the expected deferred tax assets of approximately RMB 119 million in the First half of 2018, such that income tax expense for the First half of 2018 increased by approximately RMB 119 million, while there was no such income tax expense incurred for the same reason in the First half of 2017; and despite the volume of electricity generated by the Group increased as a result of an increase in the total on-grid scale for power generation and that the restriction on limiting the use of electricity has been partly relieved in the provinces and regions where the power plants of the Group are located (including Xinjiang, Gansu, Qinghai and Ningxia of the People's Republic of China, there is still restriction on limiting the use of electricity in regions such as Xinjiang and Gansu in the First half of 2018, which resulted in an estimated loss of approximately 208,000,000 kWh in terms of power generation volume and approximately RMB160 million in revenue of the Group for the First half of 2018 from power generation. In view of this, the Group strived to seek other solution for trading power generated in the First half of 2018, such as actively participating in cross-border power trading and direct power supply transactions etc., to ease the impact of the restriction on the use of electricity on the Group, but this resulted in a slight decrease in the average selling price of power generation leading to an estimated loss of revenue of approximately RMB 51 million.