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Jiangsu Changjiang Electronics Technology Co Ltd Issues FY 2012 Net Profit Outlook Below Analysts' Estimates


Wednesday, 30 Jan 2013 07:00pm EST 

Jiangsu Changjiang Electronics Technology Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to decrease by 80%-90%, compared to that of FY 2011 (RMB 67,317,100). The Company cited the increased costs and decline in demand as the main reasons for this forecast. According to I/B/E/S Estimates, analysts expect the Company's net profit for fiscal year 2012 to be RMB 255.94 million.