Tianma Microelectronics Co., Ltd. provided earnings guidance for the first quarter ended March 31, 2012. For the period, the company expects net loss of RMB 7,000,000 or RMB 0.013 per share. The sales revenue of the company for the first quarter of 2012 decreased by 3% year-on-year. Net profits attributable to the shareholders of the parent company decreased by approximately $15,000,000 year-on-year. The major reason for the losses in the first quarter was attributable to the transformation of the company's products during the reporting period, and the new products under planning were still at the growth stage, which in turn affected the profits. These preliminary results have not been pre-audited by an registered accountant.