China Xiniya Fashion Ltd Lowers Low End Of Prior Q1 2011 Revenue Guidance; Comments On H2, FY 2011 Revenue Guidance; Issues Q2 2011 EPS Guidance In Line With Analysts' Estimates

China Xiniya Fashion Ltd announced that revenue in RMB is expected to increase by 27%-30% in the first quarter of 2011. For fiscal 2011, revenue in RMB is expected to increase by 24%-29% and earnings per ADS in the second quarter of 2011 are expected to be in the range of $0.07-$0.09. For the second half of 2011, the Company expects to realize revenue growth of approximately 24%-29%, the growth is expected to be mainly attributable to overall increases of approximately 8%-10% in unit volume and approximately 15%-17% in ASP due to product mix. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.08 for the second quarter of 2011.