China Sunshine Paper Holdings Company Limited provided consolidated earnings guidance for the year ended December 31, 2014. For the period, the expected that it will record a consolidated loss for the year as compared to a consolidated profit recorded for the corresponding period in 2013. The downturn in the financial performance of the Group for the year ended 31 December 2014 was mainly attributable to the sharply decrease in governments grants, and the increase in interest expenses on the short-term financing notes and the seven-year corporate bonds issued by the Group.