Luxin Venture Capital Group Co., Ltd. Provides Earnings Guidance for the Fiscal 2017
April 22, 2018
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Luxin Venture Capital Group Co., Ltd. provided earnings guidance for the fiscal 2017. The Company predicts a decrease of between 50% and 90% in the net profit belonging to shareholders of listed company in 2017 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 decrease by between 50% and 90% in the net profit belonging to shareholders of listed company compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The Company predicts a decrease of between 50% and 90% in the net profit belonging to shareholders of listed company in 2017 after retrospect of financial report of 2016, compared with the same period of the year before (after retrospect).
Luxin Venture Capital Group Co Ltd is a Chinese company mainly engaged in venture capital business and Grinder Industrial Operations. The Company operates through two segments. The Investment Segment is principally engaged in equity investments in new ventures. The Company's key investment areas include information technology, energy conservation and environmental protection, new energy, new materials, biomedicine, high-end equipment manufacturing and other industries. The Grinder Segment is mainly engaged in the production and sales of grinding and abrasive cloth. Its downstream customers are mainly military industry, automobile parts processing, aerospace, and precision processing enterprises.