Changzhou Almaden Reports Earnings Results for the First Half of 2014; Provides Earnings Guidance for the First Three Quarters of the Year 2014; Plans to Establish Wholly-Owned Subsidiary in Japan
August 18, 2014 at 06:58 am EDT
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Changzhou Almaden reported earnings results for the first half of 2014. For the period, the company reported operating revenue of about CNY 400.78 million, up 51.21% year on year. Net profit attributable to shareholders dropped 16.65% to about CNY 19.03 million.
It expected net profit attributable to shareholders of CNY 25 million to CNY 28 million in the first three quarters of this year, down 39.07% to 45.6%.
In order to fuel expansion overseas, the company plans to establish a wholly-owned subsidiary in Japan. Total investment and registered capital each will not exceed USD 3 million and USD 2 million.
CHANGZHOU ALMADEN CO.,LTD. is a China-based company principally engaged in the research and development of photovoltaic glass coating technology, as well as the production and sale of photovoltaic coated glass. The Company mainly operates through three segments. The Photovoltaic Glass Anti-glare segment is engaged in the production and sale of photovoltaic coated glass. The Slim Double-glass Component segment is engaged in the production and sale of double-glass components. The Photovoltaic Power Station segment is engaged in the construction of photovoltaic power stations. The Company distributes its products in domestic market and to overseas markets.
Changzhou Almaden Reports Earnings Results for the First Half of 2014; Provides Earnings Guidance for the First Three Quarters of the Year 2014; Plans to Establish Wholly-Owned Subsidiary in Japan
CHANGZHOU ALMADEN CO., LTD. 
