Xinchen China Power Holdings Limited provided earnings guidance for the year ended December 31, 2015. For the period the company expects the profit attributable to its equity shareholders for the year ended December 31, 2015 will record a decrease of approximately 20% as compared to that for the year ended December 31, 2014. Such decrease was mainly due to an increase in unrealized foreign exchange loss in respect of a sizable amount of offshore bank loan denominated in USD secured by the Group in the past two years in light of the recent depreciation in Yuan against USD and a decrease in the demand for the Group's traditional engines as the market demand for vehicles manufactured by the second and third tiers Chinese branded automobile manufacturers, which are the core customers for the Group ' s traditional engines, decreased.
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5-day change | 1st Jan Change | ||
0.219 HKD | -0.45% | -15.77% | -21.79% |
03-26 | Xinchen China Power Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
03-18 | Xinchen China Power to Return to Profit in 2023 | MT |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-21.79% | 36.13M | |
+16.47% | 38.97B | |
+95.15% | 12.69B | |
+68.58% | 5.43B | |
-15.35% | 2.91B | |
+10.21% | 2.85B | |
+27.84% | 2.51B | |
-8.53% | 2.04B | |
+83.41% | 1.94B | |
-19.72% | 1.16B |
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