Henan Mingtai Al. Industrial Co., Ltd. Provides Earnings Guidance for the Year 2017
January 14, 2018
Share
Henan Mingtai Al.Industrial Co.,Ltd. provided earnings guidance for the year 2017. For the year, the company predicts that the net profit owned by shareholders of the listed company in 2017 will be about RMB 350 million, with a year-on-year increase of about RMB 81 million, an increase of about 30% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be about RMB 360 million, a year-on-year increase of about RMB 124 million, an increase of about 53% compared with the same period of the year before. The amount of extraordinary profit and loss project in 2017 is about RMB 10 million, mainly resulted from loss in redemption of commodity futures contract and commodity forward contracts.
Henan Mingtai Al Industrial Co Ltd is a China-based company mainly engaged in the aluminum sheet, strip and foil, aluminum profiles and comprehensive utilization of renewable resources. The Company's main products include soft pack battery aluminum foil, electronic foil, checkered plate, commercial vehicle lightweight material, food and drug packaging foil, rail car body profile, aluminum alloy rail car body, new energy battery tray, automotive profile, extruded aluminum for Ultra High Voltage (UHV) transmission equipment Gas Insulated Line (GIL) Pipes, rail vehicle interior parts and other products. The Company's products are mainly used in new energy, new materials, Fifth Generation (5G) communication, pharmaceutical packaging, food packaging, transportation, UHV power transmission, rail car body, military industry and many other fields. The Company distributes its products in domestic market and to overseas markets.