Chaowei Power Holdings Limited provided earnings guidance for the six months ended 30 June 2014. The company expects to record a significant increase in the sales volume and revenue of the group as compared to that for the six months ended 30 June 2013, the group's profit for the same period is expected to experience a significant decrease. The Board considers that the expected significant decrease in profit was mainly attributable to the intense competition in the lead-acid motive battery market in the PRC in the first half of 2014, which has kept the selling prices of products under pressure.
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04-26 | Chaowei Power Posts Lower 2023 Profit Despite Revenue Hike | MT |
03-26 | Chaowei Power Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 17 July 2024 | CI |
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+76.46% | 973M | |
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