Zhong Ao Home Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2017. For the year, the company expected profit attributable to owners of the Company for the year ended 31 December 2017 will be no less than RMB 75 million as compared to the loss attributable to owners of the company of RMB 6.38 million for the corresponding period in 2016. A turnaround of the Group's performance was primarily attributable to, among others, increase in revenue of the group for more than 50% as compared to the corresponding period in 2016 as a result of the organic growth of the company by obtaining new property management services engagements and the revenue generated from Zhejiang Yongcheng Property Management company Limited, which was acquired by the company in October 2016; and the significant decrease of net loss incurred for the online-to-offline ("O2O") platform business for the year ended 31 December 2017 to approximately RMB 4 million, whereas the net loss incurred for the O2O platform business amounted to approximately RMB 50.3 million for the corresponding period in 2016.