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GCL System Integration Raises Guidance for 1H 2018 To RMB 20.41 million - RMB 30.02 millionTurning Losses Into Profit, Company Set To Match 2017 Performance SUZHOU, China, July 15, 2018 /CNW/ -- GCL New Energy Inc. (002506.SZ) (GCL or "the Company"), the world's leading provider of one-stop, cutting-edge, integrated energy systems, has revised its forecast for net profit attributable to shareholders in the first half of 2018 to between RMB 20.41 million and RMB 30.02 million (US$3.05 million to US$4.49 million), matching last year's performance and representing a significant turnaround from the loss projected in its the first quarter earnings report. In GSL-SI's first quarter report, net loss attributable to shareholders was RMB 147 million, with performance loss in the same period expected to be between RMB 100 million and RMB 0. GCL SI's second quarter profit was estimated to be around RMB 200 million yuan./p>
GCL SI, while adapting to changes in markets, industrial policies and customer needs, has been proactively diversifying its business. By integrating premium social resources, the company is exploring robust second pillar businesses to enhance its risk resilience and profitability. About GCL-SI GCL System Integration Technology Co., Ltd. (002506.SZ) (GCL-SI), is part of the GOLDEN CONCORD Group (GCL). GCL-SI delivers a one-stop, cutting-edge, integrated energy system and is committed to becoming the world's leading solar energy company.
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