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5 months ago
BRIEF-Henan Yicheng New Energy sees Q1 FY 2017 net profit down 20.2 pct to 50.0 pct
March 20, 2017 / 9:48 AM / 5 months ago

BRIEF-Henan Yicheng New Energy sees Q1 FY 2017 net profit down 20.2 pct to 50.0 pct

March 20 (Reuters) - Henan Yicheng New Energy Co Ltd :

* Sees Q1 FY 2017 net profit to decrease by 20.2 percent to 50.0 percent, or to be 1.2 million yuan to 1.9 million yuan

* Says Q1 FY 2016 net profit was 2.3 million yuan

* The reasons for the forecast are dropped silicon pellet cutting business and slowdown in photovoltaic engineering project

Source text in Chinese: goo.gl/WuaNQK

Further company coverage: (Beijing Headline News)

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