Glarun Technology Co., Ltd. Provides Earnings Guidance for 2018
January 29, 2019
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Glarun Technology Co., Ltd. provided earnings guidance for 2018. For the period, the company predicts a decrease of between RMB 128.28 million and RMB 134.37 million in its net profit owned by shareholders of the listed company compared with RMB 169.36 million in the same period of the year before, with a year-on-year decrease of between 76% and 79%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 127.96 million and RMB 132.53 million compared with RMB 158.81 million in the same period of the year before, with a year-on-year decrease of between 81% and 83%.
GLARUN TECHNOLOGY CO., LTD. is a China-based company, principally engaged in the development, manufacture and distribution of microwave and information related equipment. The Company's products mainly include radars and subsystems, rail traffic control systems, microwave components and special power supply, among others. In addition, the Company is also engaged in the manufacture and sales of ceramics. It distributes its products mainly within domestic markets.