China Rongsheng Heavy Industries Group Holdings Limited announced unaudited consolidated earnings guidance for the twelve months ended December 31, 2012. For the period, the company expected to incur a net loss as compared with the published net profit for the year ended 31 December 2011. The company believes that the net loss is primarily attributable to the decline in the shipbuilding market during the eleven months ended 30 November 2012, which led to the sharp decrease in the orders and prices of vessels compared with the same period last year.