Tianjin Faw Xiali Automobile Co., Ltd. provided earnings guidance for the first quarter of 2014. For the first quarter of 2014, the company predicted net loss attributable to shareholders of CNY 180 million to CNY 220 million compared to CNY 58.14 million a year ago. It mainly attributed the loss to dropped output and sales volume due to negative growth in budget sedan sector rooted from market consumption upgrade, purchase restrictions in some cities, adjustments in the national energy-saving subsidy policy, and on during a product structure shift period.