Hengshi Mining Investments Limited provided group earnings guidance for the year ended December 31, 2014. The board of directors of the company announced that, based on the Company's preliminary review of the latest unaudited financial information of the Group, it is expected that the Group's revenue and profit attributable to the owners of the company for the year ended December 31, 2014 will decline by 25% to 35% as compared with that of the corresponding period in 2013. Such decline has arisen due to the fact that the sales price of the Group's products has declined significantly as compared with that of the corresponding period in 2013, and the decline in sales price was due to the decrease in the average price in global iron ores market, the impact of which has already been partly offset by a substantial increase in the production and sales volume of the Group's products.
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- Hengshi Mining Investments Limited Provides Group Earnings Guidance for the Year Ended December 31, 2014