Sunac China Holdings Limited provided earnings guidance for the six months ended 30 June 2016. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available, although the revenue and gross profit of the Group for the six months ended 30 June 2016 are expected to record a significant increase as compared with the same period in 2015, the profits attributable to Shareholders for the six months ended 30 June 2016 is expected to record a decline of approximately 90% as compared with the same period in 2015. The principal reasons are as follows: Increase in unrealised exchange losses; Decrease in profits after tax attributable to investment against Joint Ventures and Associates; and increase in expense ratio of interest of borrowings.