Hengshi Mining Investments Limited provided group earnings guidance for the six months ended June 30, 2014. For the period, the company expected that the group's revenue and profit attributable to the owners of the company will decline by 20% to 30% as compared with that of the corresponding period in 2013. Such decline has arisen due to the following reasons. The price of iron ore concentrates has declined as compared with that of the corresponding period in 2013. The management of the company has duly adjusted its sales strategy by taking into account the current market conditions, according to which as at the end of June 2014 the company has kept relatively more iron ore inventories which has led to the decline in the revenues and profits of the company as compared with that of the corresponding period in 2013.

The company reported group production results for the six months ended June 30, 2014. For the period the Jiheng Mining reported oron ore production of 1,152.7 Kt, preliminary concentrates of 463.8 Kt, iron ore concentrates of 96.7 Kt compared to oron ore production of 1,591.6 Kt, Preliminary concentrates of 600.7 Kt, iron ore concentrates of 48.2 Kt a year ago. Xinxin Mining reported iron ore concentrates of 12.1 Kt compared to 117.3 Kt a year ago. Jingyuancheng Mining reported iron ore concentrates of 302.5 Kt compared to 179.9 Kt a year ago.