Air China Limited provided preliminary audited earnings guidance for the first quarter ended March 31, 2014. For the quarter, the company's net profit attributable to equity holders in accordance with the China Accounting Standards for Business Enterprises is expected to decrease by 55% to 65% compared to that of the corresponding period in 2013. During the first quarter of 2014, the financial expenses of the company substantially increased as compared with the corresponding period of 2013 due to the exchange losses (as compared with the exchange gains for the corresponding period of 2013) resulting from the substantial depreciation of Renminbi.