Changfeng Axle (China) Company Limited provided consolidated earnings guidance for the six months ending 30 June 2014. The group expects that it will continue to record a loss for the six months ending 30 June 2014 in light of continued weakness in demand for the products in the medium and heavy duty truck market; decrease in revenue derived from train and railway products; and the potential impairment losses to be recognised in respect of the property, plant and equipment, trade receivables and inventories of the Group subject to the final assessment of the company.
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