Henan Pinggao Electric Co.,Ltd. Provides Earnings Guidance for the Year 2018
January 27, 2019
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Henan Pinggao Electric Co.,Ltd. provided earnings guidance for the year 2018. According to preliminary statistics of its financial department, the company predicts a decrease of between RMB 327.87 million and RMB 359.4 million in its net profit owned by shareholders of the listed company in 2018 compared with RMB 630.52 in the same period of the year before, with a year-on-year decrease of between 52% and 57%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 334.52 million and RMB 359.3 million compared with RMB 619.48 in the same period of the year before, with a year-on-year decrease of between 54% and 58%.
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.