Shunfeng Photovoltaic International Limited provided earnings guidance for the year ended December 31, 2012. For the year, the company expected to record a substantial loss attributable to owners of the company as compared to a profit for the year ended 31 December 2011. Such expected loss is primarily due to the anti-dumping and countervailing duties imposed by the U.S. and the impact of the inventory overhang and rampant overcapacity across the solar value chain, the selling prices of solar cells in 2012 substantially dropped; and impairment and provisions are expected to be made against inventory, accounts receivables and production facilities of the Group.