China Silver Group Limited provided consolidated earnings outlook for the six months ended June 30, 2014. For the period, the group expects to record an increase in net profit of not less than 100% as compared to that of the six months ended 30 June 2013. The Board believes that such increase in the consolidated net profit is primarily attributable to, among other things, (i) the significant enhancement in the gross profit margin due to a surge in online sales generated from the newly developed downstream silver retail business, (ii) the stabilization of the market price of silver during the six months ended 30 June 2014; and (iii) an one-off reversal of income tax expense of approximately CNY 19 million due to the reduction in the enterprise income tax as previously announced by the Company on 31 March 2014.