Jiangsu Qidong Valve Co., Ltd. Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the First Half of 2014
April 18, 2014 at 06:57 am EDT
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Jiangsu Qidong Valve Co., Ltd. reported earnings results for the first quarter of 2014. The company booked operating revenue of CNY 107 million for the first quarter of 2014, up 13.1% year on year. Net profit attributable to shareholders rose 7.64% to CNY 12.9 million. Basic EPS was CNY 0.062.
The company predicted net profit attributable to shareholders of about CNY 28.48 million to CNY 34.81 million for the first half of 2014, representing a yearly rise of negative 10% to 10%.
Jiangsu Shentong Valve Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of industrial valves. The Company provides BFG all dry dust removal system, Converter gas dust and recovery system, coke oven flue gas dust removal system, special valves of gas pipeline network system, which are used for metallurgy industry, coal chemical industry, ultra (ultra) supercritical thermal power industry, LNG cryogenic valves, and petroleum and petrochemical special valves.
JIANGSU SHENTONG VALVE CO., LTD. 
