China Hanking Holdings Limited announced the group is expected to record a substantial decrease of about 20% in the profit for the year ended December 31, 2012 as compared to the profit for the year ended December 31, 2011, which was mainly due to a decrease of 21.8% in the average selling price of iron concentrates of the company in 2012 and was offset by the positive effect of increase in the production and sales of the iron concentrates of the company.