China Zhongsheng Resources Holdings Limited provided earnings guidance for the year ending December 31, 2012. The company expects to show a decrease in the consolidated total comprehensive income for the year ending December 31, 2012 as compared to that for the year ended December 31, 2011. The decrease was primarily attributable to, among others, the decrease in average selling price of iron concentrates for the year ending December 31, 2012 as compared to that for the year ended December 31, 2011 and the recognition of the one-off listing and professional expenses arising from the listing of the shares of the Company on the Main Board of the Stock Exchange.
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