China Tianrui Group Cement Company Limited provided earnings guidance for the six months ended June 30, 2012. The company expects to experience a decline of more than 30% in its net profit for the six months ended June 30, 2012 as compared with the corresponding period for the six months ended June 30, 2011. During the first quarter of 2012, the growth of market demand for cement had declined and the selling prices of cement products had dropped significantly as compared to the same period in 2011. Since the second quarter of 2012, there has been a rebound in market demand for cement products in Central China and Liaoning province and the sales volume and selling prices of cement products of the company has generally increased and remained relatively stable as compared to the prior quarter, but were still lower as compared to the same period in 2011. The management of the company therefore expects a decline of more than 30% in the company's net profit for the six months ended June 30, 2012 as compared with the same period of last year.