Yuanda China Holdings Limited (HKG:2789) announced that the profit of the group for the six months ended 30 June 2012 is expected to experience a decline as compared with the same period of 2011. The decline in the group's profit was primarily attributable to a slowdown in domestic project developments due to the tightening of the domestic credit market and an increase in installation costs in certain overseas markets.

The group's interim result is expected to be published in late August.

Source:chinesestock.org