Guangzhou Guangri Stock Co.,Ltd. Provides Earnings Guidance for the Fiscal 2017
January 29, 2018
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Guangzhou Guangri Stock Co.,Ltd. provided earnings guidance for the fiscal 2017. For the year, the company expects a year-on-year decrease of about RMB 660 million in its net profit owned by shareholders of the company, a year-on-year decrease of about 62%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by about RMB 362 million compared with that at the same period of the year before, a year-on-year decrease of about 50%.
GUANGZHOU GUANGRI STOCK CO.,LTD. mainly operates its businesses through design, manufacture, installation, repair and maintenance of elevators, escalators, moving sidewalks, intelligent mechanical parking systems and platform screen doors; design and manufacture of elevator electronic components and related electronic products, elevator rails and related components; provision of services of transportation, distribution, storage, packaging and processing in circulation. The Company is also involved in the light emitting diode (LED) business. The Company distributes its products within domestic market and to overseas markets.