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Guirenniao Expected 15% to 20% Drop in 2013 Net

January 23, 2014

SHANGHAI , January 23 , SinoCast -- Guirenniao (SHSE: 603555), issuing 89 million shares via an initial public offering at CNY 10.6 a share or CNY 943.4 million in total, said the shares will list at Shanghai Stock Exchange on January 24 . The company obtained orders of CNY 2.856 billion in 2013, falling 19.76% over CNY 3.56 billion in 2012 and predicted annual net profits will drop about 15% to 20% over 2012.


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Source: Sinocast Consumer Products Beat (China)


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