Sinomach General Machinery Science & Technology Co., Ltd. Provides Earnings Guidance for the Year 2017
January 28, 2018
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Sinomach General Machinery Science & Technology Co., Ltd. provided earnings guidance for the year 2017. According to preliminary statistics of its financial department, the company predicts the net profit belonging to shareholders of the listed company in 2017 will be between RMB 162.59 million and RMB 192.59 million, which is expected to increase by between RMB 147.21 million and RMB 177.21 million with an increase of between 957.39% and 1,152.49% compared with the same period of the year before. The company predicts the net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 19.95 million and RMB 10.05 million, which is expected to decrease by between RMB 33.61 million and RMB 3.61 million with a decrease of between 246.01% and 26.44% compared with the same period of the year before.
Sinomach General Machinery Science & Technology Co., Ltd, formerly ANHUI GUOTONG HI-TECH PIPES INDUSTRY CO. LTD, is principally engaged in the development, manufacture, distribution, installation and technology research of pipes and pipe fittings. The Companyâs major products are polyvinyl chloride (PVC) pipes, double-wall corrugated pipes, reinforcement pipes, polyethylene (PE) pipes, gas pipes, water supply pipes, metal and plastic compound pipes and pipe fittings, among others. The Company operates its business mainly in domestic market.