Tianjin Pengling Rubber Hose released Jan. 12 the financial predication for 2017.
The company is expected to gain net profit of 120 million to 128 million yuan, down 23.72% to 18.63% from last year’s 157 million yuan.
At the same time, the company predicts the non-recurring items gained in 2017 to be 21.5 million yuan, up 2 million yuan from 2016.
It gained 4.14 million yuan in selling the factories and office buildings of the subsidiary in Hefei after deregistration of the branch.
The company’s product prices dropped in 2017, while the raw material costs increased on a yearly basis.
