China XD Electric Co., Ltd. Provides Earnings Guidance for the First Quarter of 2014
April 11, 2014 at 05:06 pm IST
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China XD Electric Co., Ltd. provided earnings guidance for the first quarter of 2014. The company expected net profit attributable to shareholders to jump 188% from CNY 35.8517 million a year earlier in the first quarter of 2014. In the reporting period, the company has been optimizing product ranges, lifting up gross margins through lowering production costs via adopting advanced technology, meanwhile put extra money into wealth management generating high returns.
China XD Electric Co Ltd is a China-based company principally engaged in the provision of power transmission, distribution and control equipment. The Company's main business includes research and development (R&D), design, manufacturing, sales, testing, complete sets of related equipment, technical research, services and engineering contracting for power transmission, distribution and control equipment. The Company's leading products include high-voltage switches with voltage levels of 110kV and above, power transformers, converter transformers, smoothing reactors, shunt reactors, power capacitors, transformers, insulators, bushings, zinc oxide arresters, direct-current transmission converter valves, and others. The Company's products are sold to domestic and foreign markets.
CHINA XD ELECTRIC CO., LTD 
