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Hangzhou Robam Appliances Co Ltd (002508.SZ)

002508.SZ on Shenzhen Stock Exchange

46.10CNY
28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Hangzhou Robam Appliances raises 2016 net profit outlook up 40 pct to 50 pct
Wednesday, 11 Jan 2017 04:52am EST 

Hangzhou Robam Appliances <002508.SZ>: Sees net profit for 2016 up 40 percent to 50 percent, or to be 1.16 billion yuan to 1.25 billion yuan . Says in the previous outlook, the company expected the net profit for 2016 up 20 percent to 40 percent . Says the net profit of 2015 was 830.5 million yuan .Comments that good sales in Q4 and government subsidy are the main reasons for the forecast.  Full Article

Hangzhou Robam Appliances sees 2016 net profit up 40-50 pct
Monday, 9 Jan 2017 03:18am EST 

Hangzhou Robam Appliances Co Ltd <002508.SZ> :Says it sees 2016 net profit up 40-50 percent y/y at 1.16-1.25 billion yuan ($167.31-180.29 million).  Full Article

Robam Appliances' H1 net profit up 37.9 pct
Tuesday, 26 Jul 2016 06:00am EDT 

Hangzhou Robam Appliances Co Ltd <002508.SZ> :Says H1 net profit up 37.9 percent y/y at 422.8 million yuan ($63.36 million).  Full Article

Hangzhou Robam Appliances to pay 2015 dividend on June 2
Thursday, 26 May 2016 05:03am EDT 

Hangzhou Robam Appliances Co Ltd <002508.SZ> : Says it plans to pay a cash dividend of 6 yuan (before tax) per 10 shares to shareholders of record on June 1, for 2015 . To use additional paid-in capital to distribute 5 new shares for every 10 shares .Says the company's shares will be traded ex-right and ex-dividend on June 2 and the dividend will be paid on June 2.  Full Article

Hangzhou Robam Appliances sees 2016 H1 net profit to rise by 20 pct to 40 pct
Monday, 25 Apr 2016 08:00pm EDT 

Hangzhou Robam Appliances Co Ltd:Sees 2016 H1 net profit to rise by 20 pct to 40 pct, or to be 367.9 mln yuan to 429.2 mln yuan.  Full Article

Hangzhou Robam Appliances announces 2015 dividend payment
Thursday, 7 Apr 2016 08:00pm EDT 

Hangzhou Robam Appliances Co Ltd:To use undistributed profits to pay a cash dividend of 6 yuan (pre-tax) per 10 shares to shareholders for 2015.To use additional paid-in capital to distribute five new shares for every 10 shares.  Full Article

Hangzhou Robam Appliances to dissolve JV
Thursday, 7 Apr 2016 08:00pm EDT 

Hangzhou Robam Appliances Co Ltd:To dissolve a 51 pct owned Shanghai-based joint venture engaged in wholesale, import & export, after-sales services of household electrical appliances and accessories.  Full Article

Hangzhou Robam Appliances raises 2015 net profit outlook
Tuesday, 12 Jan 2016 07:00pm EST 

Hangzhou Robam Appliances Co Ltd:Sees net profit for 2015 to increase 40 pct to 50 pct, or to be 804.2 million yuan to 861.6 million yuan, compared to net profit of 2014 (574.4 million yuan).In the previous outlook, the company expected the net profit for 2015 to increase 20 pct to 40 pct.Comments that lower raw material costs and increased sale rate of new products with high gross margin rate are the main reasons for the forecast.  Full Article

Hangzhou Robam Appliances gives 2015 net profit outlook in line with I/B/E/S estimates
Wednesday, 21 Oct 2015 08:00pm EDT 

Hangzhou Robam Appliances Co Ltd:Sees net profit for 2015 to increase 20 pct to 40 pct, or to be 689,282,300 yuan to 804,162,700 yuan.Says the net profit of 2014 was 574,401,900 yuan.2015 reported net profit of 762.29 million yuan – Thomson Reuters I/B/E/S.Comments that steady growth of the performance and cost control are the main reasons for the forecast.  Full Article

Hangzhou Robam Appliances to invest in Xiamen-based company
Wednesday, 22 Jul 2015 08:00pm EDT 

Hangzhou Robam Appliances Co Ltd:To invest 30 mln yuan to acquire 10 pct stake in a Xiamen-based environmental technology company, up from 0 pct.  Full Article

More From Around the Web

BRIEF-Hangzhou Robam Appliances expects 2016 net profit to increase by 20 to 40 pct

* Says net profit of 2016 expected to increase by 20 percent to 40 percent, or to be 996.6 million to 1,162.7 million yuan