Fujian Raynen Technology Co., Ltd. Provides Earnings Guidance for the Year 2017
January 28, 2018
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Fujian Raynen Technology Co., Ltd. provided earnings guidance for the year 2017. For the year 2017, the company predicts that the net profit belonging to shareholders of the company in 2017 will increase by between RMB 42.04 million and RMB 51.38 million, with an increase of between 45% and 55% compared with the same period of the year before. It predicts that the net profit belonging to shareholders of the company after excluding extraordinary profit and loss of 2017 will increase by between RMB 36.35 million and RMB 45.69 million, with an increase of between 40% and 51% compared with the same period of the year before.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. 
