Tiangong International Company Limited provided earnings guidance for the six months ended June 30, 2017. The company announced that based on the preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the five months ended 31 May 2017 ("Management Accounts") and the projected revenue to be recognised for the month of June 2017, the Group is expected to have a significant increase of over 50% in its unaudited consolidated net profit for the six months ending 30 June 2017 (the "Period") as compared to the same period of 2016. The sales volume of the Group's die steel and high speed steel segments rebounded during the Period. At the same time, benefiting from an upward pricing trend in rare metals to which the Group uses as raw materials, the average selling price of the Group's die steel and high speed steel segments also increased. Driven by an increase in sales volumes and average selling prices, the Group's unaudited consolidated net profit for the Period is forecasted to record a significant increase.