CITIC Dameng Holdings Limited provided earnings guidance for the six months ending June 30, 2015. For the period, the group is expected to record a significant increase in its loss attributable to shareholders for the six months ending 30 June 2015 as compared with the corresponding period in the year 2014. The major reason of the loss increase is the drop in the selling price of manganese products of the Company in line with market as there was no significant improvement in the steel sector from the previous year.

This has further eroded the gross profit margin of company's manganese products during the period and up to the date.