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Chaowei Power Holdings Ltd Comments On H1 2013 Profit Guidance


Thursday, 13 Jun 2013 10:14am EDT 

Chaowei Power Holdings Ltd announced that the Company expects to record a significant decrease in the profit of the Group for the first half of 2013, as compared to that for the corresponding period of the previous year. The Board considers that the expected significant decrease in profit was mainly attributable to the intense competition in the lead-acid motive battery market in the PRC since the fourth quarter in 2012, which has kept the selling prices of products under pressure. 

Company Quote

4.07
-0.03 -0.73%
29 Aug 2014