Suzhou Douson Drilling & Production Equipment Co., Ltd. Provides Earning Guidance for the Year 2017
January 24, 2018
Share
Suzhou Douson Drilling&Production Equipment Co., Ltd. provided earnings guidance for the year 2017. For the year, the company predicts that it will turn losses into gains in its net profit belonging to shareholders of the company of 2017 compared with the same period of the year before, with the net profit belonging to shareholders of the company to be between RMB 26 million and RMB 36 million. The net profit belonging to shareholders of the company excluding extraordinary profit and loss will be between RMB 13 million and RMB 20 million.
Jiangsu Hongtian Technology Co Ltd, formerly Suzhou Douson Drilling & Production Equipment Co Ltd, is a China-based company engaged in the manufacture of industrial equipment. The Company operates its businesses through two segments. Oil, Electrical and Gas segment mainly provides wellhead and Christmas tree, well control equipment and pipeline valves. Electrolytic Copper Foil Equipment segment mainly provides subsea product, high-efficiency copper melting tanks, raw foil machines, cathode rollers, anti-oxidation machines, surface treatment machines and anode plates. The Company is also engaged in the manufacturing of vacuum coating equipment and vacuum magnetron sputtering coating machines. The Company mainly conducts its businesses in the domestic market and overseas markets.