China Vanke Co. Ltd. provided earnings guidance for the first quarter ended March 31, 2015. For the quarter, the company expects net profit attributable to the equity shareholders of the company of RMB 600,000,000 to ­700,000,000 and basic earnings per share of approximately RMB 0.05 to RMB 0.07.

The major reason for the company's anticipation of a year-on-year decline of the first quarterly results was that more projects with high gross profit were booked during the same period of last year, and high investment gain were generated in the first quarter of 2014. There was no such special condition during the reporting period.