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Jiangsu Huasheng Tianlong Photoelectric Co Ltd Announces FY 2013 Q1 Net Profit Outlook


Wednesday, 3 Apr 2013 08:00pm EDT 

Jiangsu Huasheng Tianlong Photoelectric Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to decrease 40% ~ 70% (RMB -20 million~ RMB - 25 million), compared to the net profit of the same period in FY 2012 (RMB -14,178,100). The Company cited the impact of the contraction in demand and excess production capacity of photovoltaic industry as the main reason for the forecast. 

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