Jinhong Fashion Group Co., Ltd. Provides Earnings Guidance for the Year 2019
January 20, 2020
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Jinhong Fashion Group Co., Ltd. provided earnings guidance for the year 2019. The company predicts that the net profit owned by shareholders of the listed company in 2019 will be between RMB 95.49 million and RMB 122.78 million, with a decrease between RMB 177.35 million and RMB 150.06 million compared with the same period of the year before, or a year-on-year decrease between 55% and 65%.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.
JINHONG FASHION GROUP CO.,LTD. 
