Chongqing Zaisheng Technology Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 2020
July 06, 2020
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Chongqing Zaisheng Technology Co., Ltd. provided earnings guidance for the six months ended June 2020. The company predicts the net profit owned by shareholders of the listed company from January to June 2020 to be between RMB 216.32 million and RMB 236.32 million, with an increase of between RMB 118 million and RMB 138 million and an increase of between 120% and 140% compared with the same period the year before (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 212.79 million and RMB 232.29 million with an increase of between RMB 114 million and RMB 133.5 million and an increase of between 115% and 135% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
Chongqing Zaisheng Technology Co., Ltd. is a China-based company primarily engaged in the research, development, manufacture and sales of microfiber glass wool products and related equipment. The Company primarily provides microfiber glass wool products, glass fiber filter paper, purification equipment, as well as core materials and insulation energy-saving materials. Its products are mainly used in air filtration, refrigerators and freezers industries. It distributes its products within domestic market and to overseas markets.