The board of directors of Billion Industrial Holdings Limited announced that, based on a preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2013, the company expects to record a substantial decline in profit for the six months ended 30 June 2013 as compared to the same period in 2012. The decline was primarily attributable to the decrease in average selling price of the Group's products and the slowdown in China's economy growth during the six months ended 30 June 2013.