Shanghai Zhenhua Heavy Industry forecasts profit plunge
BEIJING, Jan. 29 (Xinhua) -- Shanghai Zhenhua Heavy Industry Co., China's biggest port equipment maker, said its net profit in 2009 slumped 60 percent to 70 percent due to weak demand brought about by the global economic downturn.
Clip on hair extensions,A decrease in the financial assets income Lace front wigs last year also contributed to the losses, said the company in a brief statement filed to the Shanghai Stock Exchange Friday.
The
embroidered patches company said the result had not been audited, and it would announce specific figures in the annual business report.
The share price of the Shanghai Zhenhua Heavy Industry opened 0.94 percent lower at 9.5 yuan (1.4 U.S. dollars) Friday morning.
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