Jiangchen International Holdings Limited (HKG:1069) expected the unaudited consolidated profit attributable to shareholders of the Company for the year ended 31 December 2011 to decline significantly as compared with that for the year 2010.

The Company stated that such decrease was primarily attributable to the decrease in the demand of the Group's products; the decrease in the gross margin of the Group’s products brought about by an increase in the labour cost; and an increase in management expenses.