China Hanking Holdings Limited announced that the company expects to record a decrease of about 30% in the profit for the year ended 31 December 2013 as compared with the profit recorded by the Group for the year ended 31 December 2012, which is mainly attributable to (i) an increase in financial costs due to the increase in total credit facilities arising from the new merger and acquisition projects of the company in 2013; (ii) the maintenance costs incurred for the gold mine business in Australia acquired by the company in the first half of 2013 which is still at the pre-production preparation stage; (iii) the non-recurring expenses generated from the share awards granted to the management by the controlling shareholder; and (iv) substantial decrease in the loss arising from Indonesian nickel ore business as compared with the loss recorded in the last year.