Hengxin Technology Ltd. provided group earnings guidance for the fourth quarter ended December 31, 2012. The company expects to record a materially lower net profit for fourth quarter of 2012 compared to the same period in 2011. The decrease in the unaudited consolidated net profit of the group is primarily attributed to the following: continuing weak market demand for RF Coaxial Cables, being the Group's main product segment; and increase in operating expenses: The Group witnessed an increase in selling and distribution expenses and administrative expenses.
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- Hengxin Technology Ltd. Provides Group Earnings Guidance for the Fourth Quarter Ended December 31, 2012