China Automation Group Limited provided group earnings guidance for the year ended 31 December 2018. The group is expected to record a loss attributable to equity owners of the company in the range of approximately RMB 15 million to approximately RMB 35 million for the year ended 31 December 2018 as compared to the loss attributable to equity owners of the company of approximately RMB 208.2 million for the year ended 31 December 2017. The significant decrease in loss attributable to equity owners of the company was mainly attributed to, among others, the combined effect of: a substantial decrease in loss for the petrochemical segment in year 2018 as compared to year 2017 resulting from the increase in contracts awarded to the group following market recovery in the petrochemical industry; a significant increase in revenue for year 2018 which was mainly contributed by the hospital business whereas it only contributed to the revenue for about five months in year 2017 as the acquisition was completed on 26 July 2017; and the profits contributed by the above factors were offset by the loss resulting from the increase in non-cash fair value on the derivative financial instrument based on the preliminary assessment on the valuation of the convertible bonds issued by the company in connection with the Acquisition.