Henan Pinggao Electric Co.,Ltd. Provides Earnings Guidance for the First Three Quarters of 2018
October 10, 2018
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Henan Pinggao Electric Co.,Ltd. provided earnings guidance for the first three quarters of 2018. According to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the company in the 1st three quarters of 2018 will be about RMB 2.24 million with a decrease of about 99.52% compared with the same period of the year before. The net loss belonging to shareholders of the company after excluding extraordinary profit and loss will be about RMB 7.79 million with a decrease of about 101.7% compared with the same period of the year before.
HENAN PINGGAO ELECTRIC CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of electric power transmission and conversion equipment. The Company's main products include enclosed combined electrical equipment, circuit breakers (CBs), isolating switches and earthing switches, open combined electrical equipment, vacuum circuit breakers, complete set of electrical equipment and instrument transformers, among others. The Company distributes its products within domestic market and to overseas markets.