CITIC Dameng Holdings Limited provided group earnings guidance for the year ended December 31, 2014. Based on the preliminary review of the unaudited consolidated management accounts of the group for the year ended 31 December 2014, The company expects that, as compared with the loss attributable to shareholders of HKD 243,246,000 for the year ended 31 December 2013, the financial performance of the group will record significant improvement and turnaround into a profit attributable to shareholders of the company. Such turnaround was mainly attributable to the following factors in the year ended 31 December 2014: increase of gross profit contribution from company's electrolytic manganese metal business resulting from adoption of effective cost control measures thereby reducing unit cost of production and company's enlarged production capacity; change of company's product mix and product portfolio, including an increase of external sales of manganese carbonate ores mined in the People's Republic of China; write back in the amount of approximately HKD 47 million of provision made in prior year for an entrusted loan as a result of repayment during the year 2014; and receipt of more government subsidies.