China Saftower International Holding Group Limited provided earnings guidance for the year ended 31 December 2021. The Group is expected to record a net loss of approximately RMB 19.7 million for financial year 2021, representing a significant decrease in profit of approximately RMB 22.5 million as compared to a net profit of approximately RMB 2.8 million for the year ended 31 December 2020. The net loss was mainly attributable to the substantial increase in cost of sales as a result of the increase in the cost of raw materials, which caused the decrease in gross profit of approximately RMB 31.0 million and the decrease in gross profit margin.
China Saftower International Holding Group Limited
Equities
8623
KYG2121V1041
Electrical Components & Equipment
Market Closed -
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5-day change | 1st Jan Change | ||
0.021 HKD | -12.50% | -22.22% | -43.24% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-43.24% | 2.83M | |
+36.75% | 17.05B | |
+36.66% | 5.25B | |
+28.08% | 4.59B | |
-6.47% | 4.53B | |
+11.27% | 4.53B | |
+32.03% | 4.45B | |
+13.61% | 4.2B | |
+73.28% | 3.29B | |
+84.33% | 2.56B |
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- China Saftower International Holding Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021