Northeast Electric Development (HKG:0042) has warned that it expects RMB30 million net loss attributable to shareholders for the year ended 31 December 2011, compared to a smaller net loss of RMB8.56 million for 2010. Loss per share of RMB0.03 is expected for 2011.

The 2011 result estimates were made by the company in light of the company's actual completion situations of production and operation, and non-recurring profit and loss from disposal of 10.2% equity interest in Shenyang Zhaoli High-voltage Electric Equipment Co., Ltd. during the reporting period.

The accurate financial data will be disclosed in detail in the annual report of 2011 on 26 March 2012.