[ET Net News Agency, 13 March 2018] China High Speed Transmission Equipment (00658)
said it expects the profit attributable to the owners for the year ended 31 December 2017
to record a decrease of about 60% as compared to that for the corresponding year of 2016.
Such decrease in profit is mainly attributable to the fact that the wind power industry
is in a state of callback, resulting in the decrease in sales, in terms of both the price
and the quantity, of wind gear transmission equipment of the Group during FY2017 and the
impairment losses on property, plant and equipment, inventories, receivables and
prepayments for the non-wind power businesses after assessment of the market conditions of
the non-wind power businesses of the Group.
Its annual results announcement is expected to be published by the end of this month.
(HL)
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00658 C TRANSMISSION
Nominal 
0.660 -0.040 (-5.714%) Others
13/03/2018 08:26
C Transmission (00658) sees annual profit to decrease 60%
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