Guanlv Q3 net profit fall 95%

Financial forecast of Guanlv Co., Ltd released that from January to September, its net profit was down 90%-95% year-on-year, deficit of Q3 down about 38000000 yuan.

Shanxi Guanlv Co., Ltd said that the company¡¯s electric cost increased greatly year-on-year, affected by increasingly expensive electric price in the nation. While price of its products witnessed a constant fall, resulted from the unstable market environments. These factors in all lead to the large slide of sales income compared to the same period of last year.

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