ST Shanghai Broadband Technology Co., Ltd. Provides Earnings Guidance for the Year 2017
January 28, 2018
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ST Shanghai Broadband Technology Co. Ltd. provided earnings guidance for the year 2017. The company will turn losses into gains in the net profit belonging to shareholders of the listed company in 2017 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be about RMB 62 million and the year-end net assets belonging to shareholders of the listed company in 2017 being positive. The net loss belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 34 million.
Shanghai Broadband Technology Co., Ltd is a China based company principally engaged in the processing and sales of steel products. The Company's main products include cold drawn shaped steel tubes, cold drawn and cold-rolled seamless steel tubes, medium and low pressure and high pressure boiler tubes, copper rifled tubes for power station high pressure boilers, expansion joints of highway and bridge steel, corrugated beam guardrail, high frequency welded pipes for industrial heat exchangers tubes bundle, bellows, bellows expansion joints and metal hose. In addition, The Company is also engaged in the commodity trading of fuel oil, steel, billets and metallic materials. The Company operates its business in the domestic market and overseas markets.
SHANGHAI BROADBAND TECHNOLOGY CO.,LTD 
