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Thursday
Aug 21st
Market News > Stock Announcements > 1H 2008 Net Profit Projection Revised Downward

04

Jul

1H 2008 Net Profit Projection Revised Downward Print E-mail

(002202) XINJIANG GOLDWIND SCIENCE AND TECHNOLOGY CO.,LTD.

According to the 1Q 2008 Report disclosed on 15 Apr 2008, the company’s net profit for 1H 2008 was projected to increase by 60% to 90% over the same period in 2007, when net profit was RMB 128,333,726 and EPS was RMB 0.28. Following a downward revision, however, it is now estimated that net profit will increase by less than 15%.
The discrepancy between the two figures is mainly attributed to lower sales income and higher operational costs triggered by higher prices for raw materials.
Detailed figures can be found in the company's 2008 Semiannual Report.
Investors are advised to exercise caution when dealing in the company’s shares.
Board of Directors
3 Jul 2008
Source: Securities Times
Date: 4 Jul 2008
CN01/IS/JL/BT/MM

Newsnchina.com
 
 

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Shareholders' equity: RMB 1,278,752,482