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China High Precision Automation Group Ltd Comments On H1 2013 Profit Guidance


Thursday, 18 Jul 2013 11:45am EDT 

China High Precision Automation Group Ltd announced that for the first half of 2013, it expects to record a substantial decrease in profit as compared to that of for the first half of 2012. Such expected substantial decrease in profit was mainly due to the decrease in sales as a result of (i) decrease in demand of industrial automation instrument and technology products and (ii) decrease in unit selling price of both industrial automation instrument and technology products and horological instruments. 

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