The Board of Directors of Harbin Electric Company Limited announced that based on the preliminary estimate by the company's finance department and the information currently available to the Board, the profit contribution from principal activities of the company and together with its subsidiaries is expected to record a significant decline for the year ended December 31, 2014 as compared with 2013 owing to price reduction and other factors. However, the overall profit for 2014 of the Group is expected to record a substantial increase as compared with 2013, mainly attributable to the substantial rise in market value of the company's shareholdings in 3 major power companies, namely Datang International Power Co. Ltd., GD Power Development Company and Inner Mongolia MengDian HuaNeng Thermal Power Corporation Limited, which has brought in extraordinary income to a larger extent for the company.