China Qinfa Group Limited provided earnings guidance for the year ended December 31, 2014. The group expects that the revenue may significantly decrease and the loss attributable to equity holders of the company for the year ended 31 December 2014 may be significantly higher than that for the year ended 31 December 2013. Based on the relevant information currently available to the company, the Board considers that the decrease in revenue and corresponding increase in loss are primarily attributable to the continuing downturn of coal market, substantial decline in the price of coal and the decrease in the average selling price of coal of the Group caused by various factors such as slowdown in the macroeconomic growth and sluggish demand growth from downstream industries.