Dongling Grain & Oil Co.,Ltd. provided earnings guidance for the third quarter and first three quarters of 2014. The company expected losses in the first three quarters of 2014 hit about CNY 250 million, slumping 444.12% year on year.

Net profits attributable to shareholders are expected to hit CNY 91 million in the third quarter of 2014, surging approximately 114.77% over last year. Hit by the depressed market in the first half of 2014, losses in the first quarter of 2014 are expected to hit CNY 250 million, compared with profits of CNY 72.65 million in the same period of a year earlier.