Bohai Automotive Systems Co., Ltd. Provides Earnings Guidance for the Year 2017
January 29, 2018
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Bohai Automotive Systems Co., Ltd. announced that according to preliminary statistics of its financial department, the company predicts a year-on-year increase of between RMB 120 million and RMB 144 million in its net profit owned by shareholders of the listed company in 2017, a year-on-year increase of between 101.77% and 122.12%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will increase by between RMB 128,621,700 million and RMB 152,621,700 million, a year-on-year increase of between 160.88% and 190.90%.
Bohai Automotive Systems Co Ltd, formerly Shandong Binzhou Bohai Piston Co Ltd, is a China-based company mainly engaged in the design, development, manufacturing and sales of pistons and other auto parts. The Company's main products include pistons and components, lightweight auto parts, auto wheels, auto air conditioners, shock absorbers, exhaust systems, fuel tanks, etc. Its products are mainly used in new energy vehicles and light-weight components of traditional vehicles, automotive powertrain components, chassis assembly components and heat exchange system components. The Company operates its businesses in domestic and overseas markets.