On October 9th, Guangdong Ganhua (000576) released its performance forecast after the close of trading on Thursday. The company expects net profit of 5 million yuan to 6.8 million yuan in the first three quarters, down 67%-76% year-on-year.
Guangdong Ganhua said that the net profit attributable to owners of the parent company during the reporting period decreased significantly year-on-year. The main reason was that Guangdong Deli Photoelectric Co., Ltd., a wholly-owned subsidiary of the company, started production in the third quarter and has not yet achieved economies of scale. Cause a certain degree of loss.
Guangdong Ganhua said that the net profit attributable to owners of the parent company during the reporting period decreased significantly year-on-year. The main reason was that Guangdong Deli Photoelectric Co., Ltd., a wholly-owned subsidiary of the company, started production in the third quarter and has not yet achieved economies of scale. Cause a certain degree of loss.
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