Jiangsu Shunfeng Photovoltaic Technology Co., Ltd. provided earnings guidance for the six months ended June 30, 2012. For the period, the group is expected to record a loss compared to a profit which was recorded for the six months ended 30 June 2011. The Board considers that the estimated loss for the six months is expected to be, among other things, primarily attributable to the weakening momentum of growth for the global economies which has adversely affected the solar industry and the significant decrease in the selling price of the group's solar cells as compared to the corresponding period of 2011.