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Hareon Solar Technology Co Ltd Announces FY 2012 Net Profit Outlook Above Analysts' Estimates


Wednesday, 30 Jan 2013 07:00pm EST 

Hareon Solar Technology Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to decrease by 92.53%-100%, compared to that of FY 2011 (RMB 401,656,078.72). The Company cited the decreased product sales price as the main reason for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB -20.80 million.