Universal Technologies Holdings Ltd. provided earnings guidance for the six months ending June 30, 2012. The board of directors of the company announced that the Group's net profit for the six months ending June 30, 2012 is presently anticipated to decrease significantly as compared to the corresponding period of the six months ended June 30, 2011. Such decrease in net profit is attributable to: As a result of the downturn of the macroeconomic environment, the payment solutions business in Hong Kong was modulated accordingly since the second half of the last year and thus the revenue declined; in response to the increasingly fierce competition in the same industry by the Group, the increase of its investment in the implementation of initiatives in sales and management efforts resulted in the relative increase in operating expenses.