China Qinfa Group Limited provided consolidated earnings guidance for the six months ended June 30, 2013. For the period, the company's unaudited consolidated net profit for the six months ended June 30, 2013 is expected to be lower than the same for the six months ended June 30, 2012. The decrease in the profitability of the group during the six months ended 30 June 2013 was principally due to the one-off and predominately non-cash loss arising from the termination of two shipbuilding agreements during the period in total amount of RMB 117.2 million, and the continuous decreases in the prices of and the demand for thermal coal in China.