Solargiga Energy Holdings Ltd. provided earnings guidance for the full year ended December 31, 2012. For the year, the company is expecting that the group will record a substantial loss for the financial year ended December 31, 2012 as compared to a profit for the financial year ended 31 December 2011. Board considers that the substantial loss is mainly attributable to the further decline in product selling prices, which is considered to be in line with the global solar market slowdown; the impairment loss to be recognized in respect of the goodwill and the possible impairment loss to be recognized in respect of the intangible assets arising from the acquisition of the subsidiaries related to the photovoltaic cell business; the write-down of certain prepayment for raw materials; the write-down of inventory of polysilicon, a major raw material; and the possible impairment of certain items of property, plant and equipment.