BRIEF-Shanghai Tofflon Science and Technology sees FY 2017 Q1 net profit to decrease by 20 pct to 40 pct
April 10 Shanghai Tofflon Science and Technology Co Ltd :
* Sees net profit for FY 2017 Q1 to decrease by 20 percent to 40 percent, or to be 51.8 million yuan to 69.1 million yuan, compared to net profit of FY 2016 Q1 (86.4 million yuan)
* Says extended cycle and progress of revenue as main reason for the forecast
Source text in Chinese: goo.gl/xcA8h5
Further company coverage: (Beijing Headline News)