Tianneng Power International Ltd. provided earnings guidance for the six months ended June 30, 2013. The company expects to record a significant increase in the turnover of the Group for the six months ended 30 June 2013 as compared to that for the corresponding period of the previous year, though its profit is expected to decline considerably. The Board has these expectations mainly because the selling prices of the Group's products have been declining due to intense competition as a result of the accelerated consolidation of the PRC lead-acid motive battery industry since 2012.