Da Ming International Holdings Limited provided earnings guidance for the year ended December 31, 2011. The board of directors of the company informed the shareholders of the company and potential investors that based on the management's preliminary assessment of the unaudited management accounts, the group is expected to record a significant decline in net profit for the year ended 31 December, 2011 as compared to the net profit for the year ended 31 December 2010. The expected decline in net profit is mainly due to the decrease in market price of stainless steel raw materials leading to an unrealised loss in provision for write-down of inventories as well as the increase in net financial costs incurred during the year ended 31 December, 2011.