January 29, 2018 / 3:21 AM / 7 months ago

BRIEF-Hubei Jiuzhiyang Infrared System sees FY 2017 net profit down 50 pct to 70 pct

Jan 29(Reuters) - Hubei Jiuzhiyang Infrared System Co Ltd

* Sees FY 2017 net profit to decrease by 50 percent to 70 percent, or to be 42.3 million yuan to 70.5 million yuan

* Says FY 2016 net profit was 140.9 million yuan

* Says postponed income confirmation and decreased gross margin are the main reasons for the forecast

Source text in Chinese: goo.gl/7bRWfq

Further company coverage: (Beijing Headline News)

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