China Great Wall Computer Shenzhen Co. Ltd. Provides Earnings Guidance for the Third Quarter and Nine Months Ended September 30, 2012
October 12, 2012 at 08:37 pm EDT
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China Great Wall Computer Shenzhen Co. Ltd. provided earnings guidance for the third quarter and nine months ended September 30, 2012. For the quarter, the company is expected that the net profit attributable to the shareholders of the company to be around RMB 0.27 million to RMB 11.77 million as compared with a net loss of approximately RMB 9.41 million for the corresponding period last year. The basic earnings per share is expected to be around RMB 0.0002 to RMB 0.0089 as compared with a loss per share of RMB 0.007 for the corresponding period last year.
For the nine months, the company is expected that the net profit attributable to the shareholders of the company to be around RMB 3.5 million to RMB 15 million, representing a decrease of approximately 83% to 96% as compared with the profit attributable to the shareholders of approximately RMB 90.38 million for the corresponding period last year. The basic earnings per share are expected to be around RMB 0.0026 to RMB 0.0113 as compared with RMB 0.068 for the corresponding period last year. The decrease in revenue and profit as compared with the corresponding period last year was attributed to the euro sovereign debt crisis which had resulted in a decline in consumers' desire to purchase and a rising labour and other costs.
CHINA GREATWALL TECHNOLOGY GROUP CO., LTD., formerly CHINA GREAT WALL COMPUTER SHENZHEN CO., LTD., is a China-based company primarily engaged in the manufacture and distribution of power products, computers and relevant equipment. The Companyâs main products include industrial power products, consumer power products, photovoltaic power systems, computer and computer peripherals, liquid crystal display (LCD) televisions, display screens, printers, consumable items and solar inverters, among others. The Company distributes its products in domestic market and to overseas markets, including the Americas, Europe, Australia, Africa and others.