SHENZHEN-listed Gintian Industry has revised its projected performance for this financial year because of the Government's moves to cool the overheated economy.
Total turnover is expected to fall to one billion yuan (about HK$1.35 billion at the official rate) from an estimated 1.1 billion yuan. Group profit will be about 130 million yuan.
However, Gintian chairman Huang Hanqing assured shareholders that the company would not repeat the practice of other listed firms in delaying payment of dividends by issuing bonus shares.
''We will not do this sort of things to disappoint investors and fund managers,'' said Mr Huang.
He said the interim results of the company would be released in the middle of next month, but he refused to give details.
Gintian is engaged in five core businesses, including property development, high-technology industry, import and export, retail and commercial services, and textiles and garments.