China Singyes Solar Technologies Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2015. For the year, the company expects a decrease in the consolidated profit, before considering fair value gains on conversion rights of convertible bonds, attributable to the owners of the company for more than 40% as compared to that for the year ended 31 December 2014. The decrease was primarily attributable to revenue from curtain wall business decreased due to the unfavorable construction industry environment in China; revenue from solar EPC business dropped because the installation progress of solar power stations were slower than expected; loss was incurred from solar power generation business due to the effect of electricity curtailment in provinces in northwest region of China in the second half of Year 2015; the Group issued convertible bonds, Renminbi and Hong Kong dollars senior notes, and US dollars syndicated loan from the second half of Year 2014 to the second half of Year 2015 to support its business expansion, resulting in a substantial increase in finance costs; provision for doubtful debts and impairment of goodwill on investments were made; and unforeseen depreciation of the Renminbi against major currencies in the second half of Year 2015 has contributed to an increase of foreign exchange loss recorded by the Group.