Hangzhou XZB Tech Co.,Ltd. Provides Preliminary Earnings Guidance for the First Quarter of 2018
April 10, 2018
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Hangzhou XZB Tech Co. Ltd. provided preliminary earnings guidance for the first quarter of 2018. For the year, the company predicts an increase of between RMB 9.1 million and RMB 12.1 million in the net profit belonging to shareholders of listed company compared with the same period of the year before (based on the disclosed statistics according to relevant regulations), with a year-on-year increase of between 60% and 80%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 7 million and RMB 10.15 million, with an increase of between 45% and 65% compared with the same period of the year before.
Hangzhou XZB Tech Co., Ltd. is principally engaged in research and development, manufacture and sales of precision cold forging parts. Its products include valve stack precision cold forging parts, valves train precision cold forging parts and other precision cold forging parts. The Company distributes its products within the domestic market and to overseas market.