Hong Leong Asia Ltd. provided earnings guidance for the year ended December 31, 2015. The Board of Directors of the company announced that the Group expects to report a loss for the financial year ended December 31, 2015 subject to the finalization of the unaudited financial statements of the Group for fiscal year 2015. Company had further indicated that the Group expected the performance from business units would continue to be weak in the fourth quarter of 2015 and its China leading into the year 2016, in view of the challenging business environment and the slower growth prospect of the Chinese economy which would have critical influence on the Group with more than 85% The expected loss is attributed mainly to the continuing losses incurred by Xinfei with its revenue for Fiscal Year 2015 declining by 14.7% due to the weaker home appliance market in China, the general slowdown in China's economy, and over-capacity in the industry which has led to competitors slashing selling prices to gain market share.