Shanghai Chinafortune Co., Ltd. Provides Earnings Guidance for the Year 2017
January 18, 2018
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Shanghai Chinafortune Co., Ltd. provided earnings guidance for the year 2017. For the year, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will be about RMB 776.8 million, which is expected to increase by about RMB 622.58 million with an increase of about 404% compared with the same period of the year before (based on the data before retrospective adjustments). And there is an increase of about RMB 379.01 million with about 95% compared with the same period of the year before (based on the data after retrospective adjustments). The company predicts that the net profit belonging to shareholders of the listed company in 2017 after excluding extraordinary profit and loss will be about RMB 716.6 million, which is expected to increase by about RMB 608.56 million with an increase of about 563% compared with the same period of the year before (based on the data before retrospective adjustments), which is consistent with the data after retrospective adjustments compared with the same period of the year before.
Shanghai Chinafortune Co., Ltd is a China-based company mainly engaged in securities business. The Company's main business includes brokerage business, asset management business, self-operated business, NEEQ (National Equities Exchange and Quotations) business and margin margin financing and securities lending. Brokerage business includes securities and futures brokerage business, agency sales of financial products, etc. Asset management business includes collective asset management, directional asset management, and special asset management business. Self-operated business includes investment trading of equity securities and derivative financial instruments and NEEQ market doing business with its own funds. NEEQ business includes corporate listing services and financial advisory services. Margin financing and securities lending business include margin financing and securities lending business, stock pledged repurchase business, and agreed repurchase securities business.
SHANGHAI CHINAFORTUNE CO., LTD. 
