March 19, 2018 / 10:39 AM / a month ago

BRIEF-Shenzhen Genvict Technologies sees FY 2018 Q1 net profit down 70 pct to 95 pct

March 19 (Reuters) - Shenzhen Genvict Technologies Co Ltd

* Says it sees net profit for FY 2018 Q1 to decrease by 70 percent to 95 percent, or to be 2.1 million yuan to 12.8 million yuan

* Says the net profit of FY 2017 Q1 was 42.6 million yuan

* Comments that decreased orders and subsidy as well as increased R&D expenses and operation expenses as main reasons for the forecast

Source text in Chinese:goo.gl/ubfApS

Further company coverage: (Beijing Headline News)

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