China Tycoon Beverage Holdings Limited provided earnings guidance for the year ended December 31, 2011. For the year, the group expects to record a substantial loss which is higher than that for the year ended 31 December 2010. Such expected substantial loss is mainly attributable to impairment losses to be recognized on goodwill and intangible assets of the beverage division; declined gross profit margin of the toys division which was resulted from sluggish sales in the US and Europe markets, increases in raw materials prices and direct labour costs, and provision for slow-moving, obsolete and defective inventories; and unrealized losses on investments in listed equity securities.