Gudou Holdings Limited provided earnings guidance for the six months ended June 30, 2017. For the period, the Group is expected to record unaudited consolidated net loss of between RMB 8.7 million and RMB 13.0 million for the Period as compared to unaudited consolidated net profit of approximately RMB 3.9 million for the three months ended 31 March 2017. The main reasons for the loss in the Period as compared to the three months ended 31 March 2017 are attributable to (i) decreased level of revenue from its hot spring resort operation in the second quarter of the year due to warmer weather; and (ii) lower level of revenue recognised for its tourism property development business in respect of which significantly less properties were delivered in the second quarter of 2017 as most units of Joyful Apartments have been delivered by the first quarter of 2017 and the delivery of the pre-sold Mountain Seaview Vacation Residence is expected to commence in the fourth quarter of 2017. Despite that the Group is expected to record unaudited consolidated net loss for the Period as compared to unaudited consolidated net profit for the three months ended 31 March 2017, the unaudited consolidated net loss for the six months ended 30 June 2017 is expected to be lower by approximately between RMB 15.2 million to RMB 19.4 million as compared to the six months ended 30 June 2016.