China: Yatai Group's net profit expected a YOY decrease of 10%~30%

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Updated Thu, 12 Feb 2015 14:11:52 GMT

Yatai Group released its annual results of 2014: according to the prelimimary data, the net profit attributable to shareholders would have a YOY decrease of 10%~30%. In 2013, Yatai made a net profit of 217.6 million yuan.

The main reason of decrease is the overcapacity in the Northeast of China.