China Railway Logistics Limited provided earnings guidance for the second quarter and six months ended June 30, 2012. The company expects as compared to the results for the three months ended March 31, 2012 in which the company and its subsidiaries (Group) had recorded a profit, the Group is expected to record a substantial loss for the second quarter ended June 30, 2012 mainly due to the loss arising from fair value changes of investments held for trading and loss arising from fair value changes of convertible instruments designated at financial assets at fair value through profit or loss, and due to the decrease in fair value change of investment properties and revenue, the Group is expected to suffer more loss than those for the three months ended June 30, 2011. As a result of the substantial loss for the three months ended June 30, 2012, the Group also expect to record a net loss for the six months ended June 30, 2012.