Solargiga Energy Holdings Ltd. provided earnings guidance for the six months ended June 30, 2012. The company expected that it will record a substantial loss for the six months ended June 30, 2012 as compared to a profit for the six months ended June 30, 2011. The Board considers that the substantial loss is mainly attributable to the decline in product selling prices, which is considered to be in line with the global solar market slowdown; the impairment loss to be recognised in respect of the goodwill and the intangible assets arising from the acquisition of the subsidiaries related to the photovoltaic cell business; and the write-down of certain prepayment for raw materials.