Gome Telecom Equipment Co., Ltd. Provides Earnings Guidance for the Year 2018
January 30, 2019
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Gome Telecom Equipment Co., Ltd. provided earnings guidance for the year 2018. The company predicts a loss in its the net profit belonging to shareholders of the listed company in 2018 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be between negative CNY 250 million and CNY 350 million. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between negative CNY 250 million and CNY 350 million. The extraordinary profit and loss in 2018 will be CNY 5 million and the net profit impacted by it will be about CNY 4 million and is mainly attributed to subsidy obtained from the government and single retaining and reversal.
Gome Telecom Equipment Co., Ltd., formerly Sanlian Commercial Co., Ltd., is a China-based company principally engaged in the distribution of household electrical appliances. The Company operates regular chain household electrical appliance stores, which deal with color television (TV) sets, air-conditioners, refrigerators, washing machines, mobile phones, digital products, computers, video and audio products, kitchen electrical appliances, office equipment and small electrical appliances. The Company distributes its products through both physical stores and online store.