Xi an Haitian Antenna Technologies Co. Ltd. provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2013. For the year, the company expects to record a loss as compared to a profit recorded in the year of 2012.

The expected loss was mainly attributable to significant decline in revenue due to prolonged market competition in existing product line which led to lower gross profit margin, although a new product line was introduced in the last quarter of 2013, and there was no any gain on disposal of intellectual property rights recognised as other revenue for the year, as compared to approximately HKD 6.3 million recorded in 2012.