Zhong An Real Estate Limited provided consolidated earnings guidance for the six months ended 30 June 2015. The group's unaudited consolidated management accounts for the six months ended 30 June 2015 is expected to record a very substantial decrease in its profit as compared to the profit recorded for the corresponding period of 2014. Subject to finalization, the very substantial decrease in the group's profit during the period was mainly due to the fact that no transfer of completed properties to investment properties was made during the period while a gain in fair value of investment properties of approximately RMB 514 million was recorded upon transfer of completed properties to investment properties in the first half of 2014.