Chaowei Power Holdings Limited provided earnings guidance for the six months ended 30 June 2014. The company expects to record a significant increase in the sales volume and revenue of the group as compared to that for the six months ended 30 June 2013, the group's profit for the same period is expected to experience a significant decrease. The Board considers that the expected significant decrease in profit was mainly attributable to the intense competition in the lead-acid motive battery market in the PRC in the first half of 2014, which has kept the selling prices of products under pressure.