Asian Star Anchor Chain Co., Ltd. Provides Earnings Guidance for the Year 2016
January 23, 2017
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Asian Star Anchor Chain Co., Ltd. provided earnings guidance for the year 2016. According to preliminary statistics of its financial department, the company predicts that the net profit owned by shareholders of the listed company in 2016 will be about RMB 50 million, with a year-on-year decrease of about 72%.
Asian Star Anchor Chain Co Ltd Jiangsu is a China-based company mainly engaged in marine anchor chains, offshore oil platform mooring chains and mining chains. The Company's main products are marine anchor chains and accessories, offshore platform mooring chains and their supporting accessories, and mining chains and their supporting accessories. The anchor chains and mooring chain products produced by the Company are devices for maintaining the safety of ships and marine engineering facilities, and are components of offshore mooring positioning systems, and are supporting industries for the shipbuilding and marine engineering industries. The Company's mining chains are mainly used in mainstream domestic coal mining enterprises. The Company's products are exported to many countries and regions such as Japan, South Korea, Europe, and the United States.