EVA Precision Industrial Holdings Limited provided group earnings guidance for the six months ending June 30, 2017. The net profit of the Group for the six months ending 30 June 2017 is expected to increase by not less than 170% as compared to the corresponding period in 2016. The above change is mainly due to a reduction in employment expenses, as the Group has commenced production automation and streamlining its workforce since 2016, which was mentioned in the company's 2016 annual report dated 27 March 2017; a reduction in depreciation as certain of the group's production equipment had been fully depreciated; tax savings driven by a reduction in effective tax rate of the Group.