China Rongsheng Heavy Industries Group Holdings Limited announced unaudited consolidated earnings results for the six months Ended June 30, 2012. For the quarter, the company reported revenue of RMB 5,462,741,000 against RMB 8,703,466,000 a year ago. Operating profit was RMB 859,247,000 against RMB 1,497,483,000 a year ago. Profit before income tax was RMB 386,409,000 against RMB 1,513,362,000 a year ago. Profit for the period was RMB 243,184,000 against RMB 1,304,498,000 a year ago. Total comprehensive income for the period attributable to equity holders of the company was RMB 215,775,000 or 0.03 RMB cents per basic and diluted share against RMB 1,216,738,000 or 0.17 RMB cents per basic and diluted share a year ago. Net operating cash outflow was RMB 2,997,474,000. Capital expenditure was RMB 1,472,180,000 against RMB 2,894,635,000 a year ago.

The board of the company has resolved not to declare for the payment of an interim dividend for the year 2012 against 5.2 RMB cents per share in 2011.

The board announced that with effect from August 21, 2012, Mr. Chen Qiang, currently an executive director and chief executive officer of the company, has been appointed as the executive vice chairman of the board.