Zhengzhou Coal Mining Machinery Group Company Limited provided earnings guidance for the year ended December 31, 2017. The company expects that there would be an increase ranging from approximately 329.04% to approximately 374.20% in the net profit attributable to owners of the listed company for the year ended 31 December 2017 over the same period of 2016 based on the Company's preliminary assessment and the unaudited management accounts of the Group for the year ended 31 December 2017. The Board believes that the increase in the results for the year ended 31 December 2017 was mainly attributed to the recovery of coal industry and the gradual improvement in efficiency of coal enterprises, resulting in the increase in coal mining machinery business orders received by the Company, increase in sales proceeds and decrease in bad debt provision and impairment allowance for the coal mining machinery segment. In addition, the Company completed the acquisition of six enterprises of ASIMCO engaged in automotive parts and components in 2017, which contributed additional revenue to the automotive parts and components business. In 2017, the steady growth of both production and sales of automobiles in China resulted in satisfactory performance of the Company's automotive parts and components segment and increase in profit attributable to the listed company after the consolidation of accounts.