Southwest Securities International Securities Limited provided earnings guidance for the year ended December 31, 2018. For the period, the company expects to record a consolidated net loss as compared to a consolidated net profit for the year ended 31 December 2017. The Board considers that the aforesaid expected loss is mainly due to, among others, the Group's proprietary trading result for Year 2018 is expected to be a net investment loss as compared to a net investment gain for Year 2017; and the group's finance cost for Year 2018 is expected to increase as compared to Year 2017 due to the increase in coupon interests for the company's bonds issue in May 2018 to refinance an offshore indebtedness.