Billion Industrial Holdings Limited provided earnings guidance for the six months ended June 30, 2014. The company announced that, based on a preliminary assessment by the management of the Group on the unaudited consolidated management accounts of the Group for the six months ended June 30, 2014, the company expects to record a significant decline in the Group's profit for the six months ended June 30, 2014 as compared to the same period in 2013. The decline was primarily attributable to (i) the slowdown in China's economic growth during the Period; (ii) the chemical fiber industry being in a downward cycle during the Period; and (iii) the decrease in average selling price of the Group's products and the gross profit of the Group for the Period as compared to the same period in 2013.