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Hengxin Technology Ltd. — Earnings Release 2012
Oct 25, 2012
49674_rns_2012-10-25_04abc58a-7fb9-439d-916f-5398b5dd0321.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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HENGXIN TECHNOLOGY LTD. 亨 鑫 科 技 有 限 公 司[*]
(carrying on business in Hong Kong as HX Singapore Ltd.)
(incorporated in Singapore with limited liability)
(Singapore Company Registration Number 200414927H)
(Hong Kong Stock Code: 1085)
(Singapore Stock Code: I85)
PROFIT GUIDANCE FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2012
In anticipation of the announcement of the unaudited results for the third quarter and nine months ended 30 September 2012 (‘‘3Q2012’’), the Board of Directors (the ‘‘Board’’) of Hengxin Technology Ltd. (the ‘‘Company’’) deems it is appropriate to issue a profit guidance in respect of the financial results of the Company and its subsidiaries (the ‘‘Group’’) for the 3Q2012.
The Company expects to record a lower net profit for the 3Q2012 as compared with that for the same period in 2011.
The decrease in the unaudited consolidated net profit of the Group is primarily attributable to a weak market demand for RF Coaxial Cables, being the Group’s main product segment. These factors have contributed to a lower revenue being registered and consequently a lower net profit of the Group. The Group’s unaudited net profit for the 3Q2012 is expected to decline in the range of approximately 50%.
The Company is still in the process of finalizing the unaudited results for the 3Q2012. This announcement is only a preliminary estimate performed by the management of the Company based on the unaudited management accounts of the Group and current available information, and is not based on any figures or information audited or reviewed by the Company’s auditors. Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited results for the 3Q2012 on or around 2 November 2012.
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Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.
By Order of the Board Cui Genxiang Executive Chairman
Date: 25 October 2012
As at the date of this announcement, the executive Directors of the Company are Mr. Cui Genxiang and Mr. Xu Guoqiang; the non-executive Director of the Company is Ms. Zhang Zhong; and the independent non-executive Directors are Mr. Tay Ah Kong Bernard, Mr. Chee Teck Kwong Patrick and Mr. Tam Chi Kwan Michael.
- For identification purpose only
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