Chengtun Mining Group Co., Ltd. Provides Earnings Guidance for the Year 2019
January 20, 2020
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Chengtun Mining Group Co., Ltd. provides earnings guidance for the year 2019. The Company predicts a decrease of between RMB 60,256,600 and RMB 110,256,600 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of between 14% and 26% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 56,215,600 and RMB 106,215,600 compared with the same period of the year before, with a year-on-year decrease of between 20% and 37% (based on the disclosed statistics according to relevant regulations).
CHENGTUN MINING GROUP CO.LTD is a China-based company, principally engaged in the trading and mining-dressing of nonferrous metal products. The Company is engaged in the mining of copper, tin, tungsten, zinc, lead, gold and silver, as well as minerals and non-ferrous metals integrated trading business. The Company is also engaged in industrial value-added services business, including geological exploration, evaluation of resources value and inventory management, among others.