China Qinfa Group Limited provided earnings guidance for the year ended December 31, 2011. For the year, the company expects that the net profit of the Group for the year ended December 31, 2011 is expected to increase by 45% to 65% as compared to the net profit for the year ended December 31, 2010. The expected increment in the net profit of the Group was primarily due to the increase in the coal handling and trading volume, increase in average selling price and the recognition of bargain purchase gain resulting from the acquisition of the 80% equity interest in Shanxi Huaneiao Energy Group Limited in 2011.