{"id":22553,"date":"2014-05-16T13:26:46","date_gmt":"2014-05-16T17:26:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=22553"},"modified":"2014-05-16T13:26:46","modified_gmt":"2014-05-16T17:26:46","slug":"guanwei-recycling-corp-nasdaqgprc-announces-q1-results","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/guanwei-recycling-corp-nasdaqgprc-announces-q1-results-22553","title":{"rendered":"Guanwei Recycling Corp. (NASDAQ:GPRC) Announces Q1 Results!"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/16\/2014 (wallstreetpr) \u2013<b> Guanwei Recycling Corp. (NASDAQ:GPRC) <\/b>is one of the leading Chinese tech manufacture and work with a vision keeping China completely safe and secured. Recently this company announced the financial results of Q1. Below are the details of the announcement made by the GPRC-<\/p>\n<p style=\"text-align: justify;\"><b>Financial Results of the Q1<\/b>:<\/p>\n<p style=\"text-align: justify;\">The Q1 was not so good for Guanwei Recycling Corp. (NASDAQ:GPRC) in terms of YOY comparison of Q1 2014 and Q1 2013. Due to less consumer demand, the company faced 22% reduction on the sales volume on YOY basis which leaded to a 20.6% decline in the revenues on YOY basis. The recorded revenue for the Q1 was $11.7 million which was very less in comparison to revenues of previous months. When it comes to the costing part, the company faced 85.93% increment in the manufacturing cost on YOY basis. The net income of the company in the Q1 was totaled as o $756,066.<\/p>\n<p style=\"text-align: justify;\">Some of the reasons which might have played a significant part in this negative growth are as follow-<\/p>\n<ul style=\"text-align: justify;\">\n<li>According to the CEO of the company, the economic outlook for the current year was not certain which resulted into one of the worse periods that company had to face.<\/li>\n<li>Due to uncertainty in the economy, many of the experienced workers left the job which resulted in the decreased efficiency and further in less productivity.<\/li>\n<li>The demand of the tech products which company deal in had decreased significantly over a period of 12 months, while at the same time the cost went on increasing, thus the company had to face all the problems.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">So these are some of the highlights from the results of Q1 made public by the management of Guanwei Recycling Corp. (NASDAQ:GPRC). In coming months, the economy is expected to grow better, thus management hopes for a better Q2 results in couple of months&#8217; time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/16\/2014 (wallstreetpr) \u2013 Guanwei Recycling Corp. (NASDAQ:GPRC) is one of the leading Chinese tech manufacture and work with a vision keeping China completely [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2611,2612],"stock_ticker":[],"class_list":["post-22553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-guanwei-recycling-corp-nasdaqgprc","tag-nasdaqgprc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Guanwei Recycling Corp. 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