Guangdong Ganhua Q3 expects net profit plummeted over 90%

Guangdong Ganhua evening of October 9th released third quarter results notice that the first three quarters of the company is expected to achieve net profit of 5 million to 6 million 800 thousand, compared with the same period last year 20 million 630 thousand, 76% and 67%, year-on-year decline in net profit in the third quarter the company between -120 million to 600 thousand, 14 million 380 thousand yuan more than the same period last year, plunged 108% to 96%.

The reason for the change in performance, Guangdong Gan Hua said that the main reason is that the company's wholly-owned subsidiary of Guangdong Deli Electronic Co. Ltd third quarter started production, but also failed to achieve economies of scale, causing a certain degree of loss.

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