Shanghai Chinafortune Co., Ltd. Provides Earnings Guidance for the Year 2018
January 28, 2019
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Shanghai Chinafortune Co., Ltd. provided earnings guidance for the year 2018. The company predicts the net profit belonging to shareholders of the listed company in 2018 will be between RMB 18.5 million and RMB 22 million, with a decrease of between RMB 752.29 million and RMB 756.09 million compared with the same period of the year before, with a year-on-year decrease between 97% and 98% (based on the statistics before retrospective adjustments); and with a decrease of between RMB 755.39 million and RMB 758.89 million compared with the same period of the year before, with a year-on-year decrease between 97% and 98% (based on the statistics after retrospective adjustments). The net profit belonging to shareholders of the listed company in 2018 after excluding extraordinary profit and loss will be between RMB 54 million and RMB 57.5 million, with a decrease of between RMB 780.44 million and RMB 783.94 million compared with the same period of the year before and with a year-on-year decrease of between 107% and 108% (based on the statistics 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. 
