Tianneng Power International Limited provided earnings guidance for the year ended December 31, 2014. The company announced that based on the information currently available and the preliminary review of the consolidated management accounts of the group for the eleven months ended November 30, 2014, the company expects to record a increase in the turnover of the group for the twelve months ended December 31, 2014 as compared to that for the corresponding period of the previous year, but the net loss attributable to owners of the company is expected. The board has these expectations mainly because the selling prices of the group's products have decreased as compared with the same period of last year due to intense competition as a result of the accelerated consolidation of the PRC lead-acid motive battery industry since 2012.