Guangzhou Guangri Stock Co.,Ltd. Provides Earnings Guidance for the Year 2018
January 28, 2019
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Guangzhou Guangri Stock Co.,Ltd. provided earnings guidance for the year 2018. The company predicts a decrease of between RMB 219.1 million and RMB 298.8 million in its net profit owned by shareholders of the company in 2018 compared with the same period of the year before, with a year-on-year decrease of between 55% and 75%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will decrease by between RMB 247.7 million and RMB 318.5 million compared with the same period of the year before, with a year-on-year decrease of between 70% and 90%.
GUANGZHOU GUANGRI STOCK CO.,LTD. mainly operates its businesses through design, manufacture, installation, repair and maintenance of elevators, escalators, moving sidewalks, intelligent mechanical parking systems and platform screen doors; design and manufacture of elevator electronic components and related electronic products, elevator rails and related components; provision of services of transportation, distribution, storage, packaging and processing in circulation. The Company is also involved in the light emitting diode (LED) business. The Company distributes its products within domestic market and to overseas markets.