China Hanking Holdings Limited Provided earnings guidance for the year ending December 31, 2017. For the period, the board of directors of the company expected that the group will record a net profit for the year ending 31 December 2017 as compared with the corresponding period of 2016. Turning from a loss to profit is mainly attributable to: the recognized investment revenue of RMB 760 million from the sales of the entire equity interests of Hanking Australia Pty Ltd., a subsidiary held by the Company; the substantial increase on a year-on-year basis in the average selling price of iron ore concentrates, with gross profit margin increasing by approximately 15%, resulting in the iron ore business turning from a loss to profit; the commencement of production and sales in nickel business, which contributed an aggregate sales volume of approximately 150,000 metric tons of nickel for the current year and brings a new income stream to the Group; the substantial decrease in provision for asset impairment; and the significant reduction in the interest expenses and foreign exchange losses. Accordingly, after deducting the impact of recognized investment revenue from the sales of the entire equity interests of Hanking Australia Pty Ltd., a subsidiary held by the Company, the company's continuing operations will also record a net profit.