CIG ShangHai Co., Ltd. Provides Earnings Guidance for the Year 2019
January 30, 2020
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CIG ShangHai Co., Ltd. provided earnings guidance for the year 2019. For the period, the company predicts a decrease of between RMB 53.9 million and RMB 72.78 million in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of between 70% and 95%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 46.46 million and RMB 56.46 million compared with the same period of the year before, with a year-on-year decrease of between 109% and 132%.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.