Guangzhou Guangri Stock Co., Ltd. Provides Earnings Guidance for the Year 2019
January 19, 2020
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Guangzhou Guangri Stock Co. Ltd. provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be about RMB 400 million with an increase of about RMB 265.94 million compared with the same period of the year before, with a year-on-year increase of about 198% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 374.5 million with an increase of about RMB 321 million compared with the same period of the year before, with a year-on-year increase of about 600% (based on the disclosed statistics according to relevant regulations).
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.