Shaanxi Baoguang Vacuum Electric Device Co., Ltd. Provides Preliminary Earnings Guidance for the First Half of 2020
July 06, 2020
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Shaanxi Baoguang Vacuum Electric Device Co., Ltd. provided preliminary earnings guidance for the first half of 2020. According to preliminary statistics of its financial department, the Company predicts a decrease of between RMB 6.74 million and RMB 8.99 million in its net profit owned by shareholders of the listed company in the first half of 2020 compared with the same period of the year before, a year-on-year decrease between 30% and 40% (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 decrease by RMB 7.94 million and RMB 10.19 million compared with the same period of the year before, with a year-on-year decrease of between 37.77% and 48.48% (based on the disclosed statistics according to relevant regulations).
Shaanxi Baoguang Vacuum Electric Device Co Ltd, formerly Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd, is a China-based company mainly engaged in the research and development, manufacturing and sales of vacuum interrupter products. The Company is mainly engaged in five businesses. The electronic device business is engaged in the production of electric vacuum devices such as vacuum interrupters, solid-sealed poles, phase columns and solar collector tubes. The electrical accessories business is engaged in the production of operating mechanisms, other electrical accessories, arc interrupter spare parts and other products. The electronic ceramics business is engaged in the production of electric vacuum ceramics. The international business is engaged in the export of vacuum interrupters, solid-sealed pole products, metallized porcelain shells and electrical accessories. The new energy business is engaged in the business of energy storage, hydrogen energy and solar collector tubes.
SHAANXI BAOGUANG VACUUM ELECTRIC DEVICE CO., LTD. 
