Cheung Wo International Holdings Limited provided earnings guidance for the year ended December 31, 2012. For the year, the board of directors based on the management's preliminary assessment of the unaudited consolidated management accounts, it is expected that the Group may record a loss for the year ended 31 December 2012, as compared to a profit for the year ended 31 December 2011. The loss for the Group is mainly attributable to: the operating loss from the film production and release of the film "Floating City"; and the decrease in both revenue and contribution from film processing due to the digital technology advancement.