Global Bio-chem Technology Group Co. Ltd. provided group earnings guidance for the year ending December 31, 2012. The board announced that the financial results of the group for the year is expected to record a substantial decline as compared to that for the year ended December 31, 2011.

Such was mainly attributable to the increase in the cost of corn kernels causing pressures on profit margin, and a slowdown in the increase of average selling prices of the group's products in 2012.