Ningbo Water Meter Co., Ltd. Announces Earnings Guidance for the Year 2019
January 15, 2020
Share
Ningbo Water Meter Co., LTD. announced that according to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 205,814,900 and RMB 233,256,900 with a decrease of between RMB 68,605,000 and RMB 96,047,000 and an increase of between 50% and 70% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 180,382,600 and RMB 206,151,600 with an increase of between RMB 51,537,900 and RMB 77,306,800 and an increase of between 40% and 60% compared with the same period of the year before.
Ningbo Water Meter Group Co Ltd, formerly Ningbo Water Meter Co Ltd, is a China-based company mainly engaged in research, development and manufacturing of integrated water metering products and water industry Internet of Things technology applications. The hardware terminal manufacturing segment is engaged in the research, development, production, manufacturing and sales of water metering and related pipe network equipment and sensors. The smart water application cloud platform segment is engaged in the establishment of a unified system application platform. The engineering service solution segment provides engineering solutions such as pipeline detection and trenchless repair. The Company conducts its business in domestic and foreign markets.
NINGBO WATER METER (GROUP) CO., LTD. 
