Huaxi Holdings Company Limited provided earnings guidance for the year ended 31 March 2014. The board of directors of the company, based on its preliminary review of the latest consolidated management accounts of the group, the group is expected to record a moderate increase in the net profit for the financial year ended 31 March 2014, as compared with that for the financial year ended 31 March 2013. Such increase was mainly due to, among other things, an improvement in the gross profit margin of the group during the year as a result of a decrease in the average cost of production owing to changes in products mix and continuous improvement in production efficiency.