Fujian Raynen Technology Co., Ltd. Provides Earnings Guidance for the Year 2019
January 19, 2020
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Fujian Raynen Technology Co., Ltd. provided earnings guidance for the year 2019. The company predicts a decrease of about RMB 79.5 million in the net profit belonging to shareholders of listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of about 70% (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 in 2019 will decrease by about RMB 78.5 million with a decrease of about 80% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.