China Great Wall Computer Shenzhen Co. Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2012
July 13, 2012 at 01:35 pm
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China Great Wall Computer Shenzhen Co. Ltd. provided earnings guidance for the six months ended June 30, 2012. The company announced that it is expected that the net profit attributable to the shareholders of company for the reporting period to be around RMB 1 million to RMB 10 million, representing a decrease of approximately 90% to 99% as compared with the adjusted net profit attributable to the shareholders of RMB 99.79 million, and a decrease of approximately 88% to 99% as compared with the profit attributable to the shareholders prior to adjustment of RMB 82.33 million, for the corresponding period last year. The basic earnings per share for the reporting period is expected to be around RMB 0.0008 to RMB 0.0076 as compared with RMB 0.062 (before adjustment) and RMB 0.075 (adjusted) for the corresponding period last year. The decrease in revenue and profit for the reporting period as compared with the corresponding period last year was attributed to the euro sovereign debt crisis in the first half of year 2012 which had resulted in a decline in consumers' desire to purchase and a rising labour and other costs.
CHINA GREATWALL TECHNOLOGY GROUP CO., LTD., formerly CHINA GREAT WALL COMPUTER SHENZHEN CO., LTD., is a China-based company primarily engaged in the manufacture and distribution of power products, computers and relevant equipment. The Companyâs main products include industrial power products, consumer power products, photovoltaic power systems, computer and computer peripherals, liquid crystal display (LCD) televisions, display screens, printers, consumable items and solar inverters, among others. The Company distributes its products in domestic market and to overseas markets, including the Americas, Europe, Australia, Africa and others.