China Titans Energy Technology Group Co., Limited provided earnings guidance for the year ended December 31, 2014. The board of directors of the company announced that, based on the preliminary assessment of the information available from the latest management accounts and the operational figures of the group, it is expected that the group would continue to record a loss for the year ended 31 December 2014. The expected loss of the group for the year ended 31 December 2014 was mainly attributable to the slowdown of investment scale in relation to the electrical direct current product market and the intensifying market competition, the slowdown of market investment in the charging equipment for electric vehicles product series, caused by the change of investment entity regarding the construction of charging equipment previously led by the State Grid Corporation of China in the second half of 2014, notwithstanding sales of that product series increased in 2014 compared with that of last year, and the increase in labour costs.