The board of directors of Zhuzhou CSR Times Electric Co., Ltd. announced that, based on the board's preliminary review of the unaudited consolidated management accounts of the Group for the period commenced from January 01, 2014 up to and including March 25, 2014, the profit of the Group for the three months to be ended March 31, 2014 is expected to record a substantial increase as compared to that for the same period in 2013. Based on the information available to the company immediately preceding the release of this announcement, such increase in profit is mainly attributable to the substantial growth in revenue from locomotive power converters, auxiliary power supply equipment and control systems and Electric Multiple Units power converters, auxiliary power supply equipment and control systems.