Henan Pinggao Electric Co., Ltd. Provides Earnings Guidance for the Year 2017
January 29, 2018
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Henan Pinggao Electric Co. Ltd. provided earnings guidance for the year 2017. For the year, according to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the company in 2017 will decrease by between RMB 548.95 million and RMB 609.95 million with a decrease of between 45% and 50% compared with RMB 1,219.9 million at the same period of the year before. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will decrease by between RMB 456.96 million and RMB 524.93 million with a decrease of between 41% and 47% compared with RMB 1,116.87 million at 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.