Shanghai Guangdian Electric Group Co., Ltd. Provides Earnings Guidance for 2018
January 27, 2019
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Shanghai Guangdian Electric Group Co., Ltd. predicted an increase of between CNY 97,861,600 and CNY 124,861,600 in its net profit owned by shareholders of the listed company in 2018 compared with the same period of the year before, with a year-on-year increase of between 442.04% and 564%.
Shanghai Guangdian Electric Group Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of power transmission and distribution equipment and control equipment, as well as the provision of related services. The Company operates its business mainly through three segments. The Complete Equipment segment provides 40.5 kilovolt (VK) or below alternating current (AC) medium voltage switchgears, ring main units (RMUs), AC low voltage switchgears, direct current (DC) switchgears, power cabinets and boxes, control cabinets and boxes and lighting boxes. The Components segment provides 40.5 kV and below medium-voltage circuit breakers, low-voltage circuit breakers and intelligent control components. The Power Electronics segment provides high voltage inverters and active filters. The Company distributes its products mainly in domestic market.