The board of directors of China High Speed Transmission Equipment Group Co., Ltd. announced that, based on the company's preliminary review of the consolidated management accounts of the group for the year ended 31 December 2011 the profit of the group is expected to record a significant decrease as compared to that for the previous year. Such significant decrease in profit is mainly attributable to the decrease in revenue resulting from postponement of the delivery of wind gearbox products requested by certain customers being wind power generators; and the increase in the finance costs as a result of the significant increase in the aggregate amount of the bank borrowings and the continuous rise of the bank borrowing interest rate in 2011.