China Aerospace International Holdings Ltd. board of directors announced that, based on the company's preliminary estimation, it is expected that the profit of the company for the six months ended June 30, 2014 may decrease substantially as compared to the same period of 2013. The reasons of the decrease in profit were mainly due to no one-off non-recurring income was recorded by the company and the amount of the gain in the fair value of investment properties significantly decreased in the first half of 2014, in comparing to the same period of 2013. However, it will not have any negative impact on the cash flow and the operations of the company.