China Evergrande Group provided earnings guidance for the year ended 31 December 2018. Based on the information currently available to the management, the Group is expected to record a substantial increase in its net profit and the net profit from its core business for the year ended 31 December 2018 as compared with the previous year. The net profit from the core business is expected to increase by more than 90% as compared to that of last year. The increase was primarily attributable to the improvement in product quality, enhancement of product added value, reduction in the sales and management expense ratios, and an increase in the floor area of properties delivered during the relevant period.