CAA Resources Limited provided earnings guidance for the full year ended December 31, 2014. For the year, the company expected to record a significant decrease in gross profit as compared to the same for the corresponding period in 2013. Such significant decrease is primarily attributable to the drop of approximately 50% in its selling prices of iron ore products during 2014 due to significant drop in bulk commodities trading in iron ore market during 2014 while there is considerable rise in cost of sales.

While the sales volume of iron ore products is expected to increase by approximately 40% compared to the same period last year and the Group's acquisition of shareholding interests in Fortune Union Financial Holdings (Asia Pacific) Limited (whose subsidiaries are engaged in, among other things, equipment leasing business and micro credit business in Chongqing, China) is expected to contribute positively to the Group's profits, but those were not sufficient to offset the adverse impact of the significant price fall.