Zhengzhou Coal Mining Machinery Group Co., Ltd. provided earnings guidance for the year ended December 31, 2013. For the period, the company expected that the net profit attributable to the shareholders of the company under the international financial reporting standards for the year ended December 31, 2013 may substantially decrease, decreasing by approximately 45% as compared to that for the year ended December 31, 2012. The substantial decrease of the net profit attributable to the shareholders of the company for the year ended December 31, 2013 as compared to the year ended December 31, 2012, was mainly because: the combined effect of falling demand growth for coal market and more imported coal which led to the fall of the price of coal; and the growth of fixed- asset investment of coal mining and washing industry decreased as compared to the prior year, therefore, the demand for coal mining machinery, which accounted for a substantial part of the fixed-asset investment, sharply decreased.
Zhengzhou Coal Mining Machinery Group Company Limited
Equities
601717
CNE100000S58
Mining Support Services & Equipment
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
16.68 CNY | -0.30% | -4.96% | +31.86% |
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+31.86% | 3.98B | |
-5.83% | 2.82B | |
+10.69% | 786M | |
+21.13% | 601M | |
-7.61% | 492M | |
-7.19% | 456M | |
-19.61% | 414M | |
-19.73% | 372M | |
-21.43% | 234M | |
-4.01% | 227M |
- Stock Market
- Equities
- 601717 Stock
- News Zhengzhou Coal Mining Machinery Group Company Limited
- Zhengzhou Coal Mining Machinery Group Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2013