Datang Telecom Technology Co., Ltd. Provides Earnings Guidance for the Year 2018
January 28, 2019
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Datang Telecom Technology Co., Ltd. provided earnings guidance for the year 2018. For the period the company expects to turn losses into gains in the net profit belonging to shareholders of the listed company in 2018 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be between RMB 400 million and RMB 600 million and the net assets belonging to shareholders of the listed company at the end of 2018 will be positive. The net profit belonging to shareholders of the listed company in 2018 after excluding extraordinary profit and loss will be between negative of RMB 1.3 billion and negative of RMB 1.1 billion. The net profit belonging to shareholders in 2018 after excluding extraordinary profit and loss will increase by between RMB 1.7 billion and RMB 1.9 billion.
DATANG TELECOM TECHNOLOGY CO., LTD is a China-based company principally engaged in integrated circuit design, terminal design, software and applications, as well as mobile Internet business. The Company mainly provides mobile terminal chips and solutions, integrated communication chips and solutions, security chips and solutions, automotive electronics and industrial chips, data terminals and industry terminals, smart city products and solutions and industry information products and solutions. The Company distributes its products mainly within domestic market.