China Outfitters Holdings Limited provided group earnings guidance for the full year ended December 31, 2014. The board expected that Group's unaudited net profit for the year ended December 31, 2014 will decrease significantly by at least 40% as compared with that for the year ended 31 December 2013 of RMB 383,891,000. The decline of the unaudited net profit is mainly attributable to the drop in sales of the Group triggered by (i) the continuous slow growth of macro-economy and the sluggish apparel retail market; and (ii) the impact of e-commerce on conventional retailers.