Jiangxi Hongcheng Waterworks Co., Ltd. Announces Earnings Guidance for 2019
January 16, 2020
Share
Jiangxi Hongcheng Waterworks Co., Ltd. announced earnings guidance for 2019. According to preliminary statistics of its financial department, the Company predicts the net profit owned by shareholders of the listed company in 2019 to be between RMB 470,820,000 and RMB 537,480,000, a year-on-year increase of between RMB 134,810,000 and RMB 201,470,000, as well as an increase of between 40% and 60% compared with the same period of the year before (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 be between RMB 447,730,000 and RMB 514,390,000, a year-on-year increase of by between RMB 122,840,000 and RMB 189,500,000, an increase of between 38% and 58% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
Jiangxi Hongcheng Environment Co Ltd is a China-based company principally engaged in water supply business and sewage treatment business. The Company operates six segments. Tap Water Production and Sales segment is mainly engaged in the production and supply of water. Sewage Treatment Services segment includes urban domestic sewage treatment and industrial wastewater treatment business. Gas New Energy segment includes gas sales, gas engineering installation and photovoltaic power generation business. Solid Waste Treatment Services segment includes industrial solid waste disposal and power generation and heating, urban food waste treatment, and the disposal of urban garbage leachate and concentrate business. Water Supply and Drainage Pipeline and Sewage Environment Engineering segment is mainly engaged in the construction and renovation of urban water supply pipeline networks, water plants, and sewage treatment plants. Other segment businesses include equipment sales and other business.
JIANGXI HONGCHENG ENVIRONMENT CO.,LTD. 
