Launch Tech Company Ltd. provided earnings guidance for the year ended December 31, 2014. The group expects to record a loss for the year ended 31 December 2014 as compared to the profit of approximately RMB 7,000,000 for the year ended 2013. The expected decline in profit attributable to owners of the Company was mainly due to: decrease in gross profit margin for products in the year 2014 as in order to speed up market penetration and increase the market share to achieve the Group's internet business ecology; in year 2014, increasing research expenditure has been spent for further improving the new car networking related products for new potential markets; and prudent provision and impairment on certain assets are expected to be made in the current year.