Sunnyloantop Co.,Ltd Provides Preliminary Earnings Guidance for the Year 2018
January 29, 2019
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Sunnyloantop Co.,Ltd provided preliminary earnings guidance for the year 2018. The Company predicts a decrease of between RMB 48 million and RMB 65 million in its net profit owned by shareholders of the listed company in 2018 compared with the same period of the year before, with a year-on-year decrease of between 55% and 75% (before reiteration and adjustment). The net profit belonging to shareholders of the listed company in 2018 will decrease by between RMB 44 million and RMB 61 million with a decrease of between 53% and 73% compared with the same period of the year before (after reiteration and adjustment). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 10 million and RMB 27 million with a decrease of between 25% and 65% compared with the same period of the year before (before reiteration and adjustment). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 6 million and RMB 23 million with a decrease of between 16% and 61% compared with the same period of the year before (after reiteration and adjustment).
Sunny Loan Top Co Ltd is a China-based company mainly engaged in pawn, guarantee, financial leasing, special assets and quasi-financial investment businesses. The pawn business is mainly engaged in pledging or mortgaging its movable properties, real estate, and property rights to the pawn company as pawn materials and obtaining the pawn money. The guarantee business is mainly engaged in non-financing guarantee business and financing guarantee business. The financial leasing business is mainly engaged in financial leasing. The quasi-financial investment business is mainly engaged in indirect capital income business, capital market investment business and other equity investment businesses. The special assets business is mainly engaged in the acquisition of debt asset packages held by local AMC companies or other private entities through indirect acquisitions through the establishment of partnerships, direct participation in public auction acquisitions, or direct agreement transfers.