Zhaojin Mining Industry Company Limited provided earnings guidance for the full year ended 31 December 2013. The company expects financial results to decrease substantially as compared to those for the twelve months ended 31 December 2012. The Board considers that the substantial decrease in the financial results of the group was mainly attributable to the substantial drop in gold price in the year of 2013 and the lower product inventory value due to the decline in gold price, which result in corresponding impairment provisions.