Suzhou Douson Drilling&Production Equipment Co., Ltd. provided earnings guidance for fiscal 2018. For the period the according to preliminary statistics of its financial department, the Company will have large increase in its net profit belonging to shareholders of the listed company in 2018 compared with the same period of the year before and the net profit belonging to shareholders of the listed company will be between RMB 83 million and RMB 92 million with an increase of between 183.91% and 214.70%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 68 million and RMB 77 million, with an increase of between 415.35% and 483.56% compared with the same period of the year before.
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.