China Hanking Holdings Limited provided earnings guidance for the year ending 31 December 2014. For the period, the company expected that the profit recorded by the group and the profit attributable to owners of the company would be decreased substantially by approximately 90% as compared to the corresponding period of 2013. Such decrease in profit for the current year is mainly attributable to a sharp decrease in the average selling price of iron ore concentrate as compared to the previous year.

Further, an increase in the average selling cost of iron ore concentrates of the group due to the increased amount of underground mining iron ore also has an impact on the decrease in profit.