Nanjing Chixia Development Co., Ltd. Provides Earnings Guidance for the Full Year of 2017
January 29, 2018
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Nanjing Chixia Development Co., Ltd. provided earnings guidance for the full year of 2017. According to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will decrease by between RMB 117.23 million and RMB 156.31 million with a decrease of between 60% and 80% 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 RMB 141.56 million and RMB 180.63 million with a decrease of between 100% and 128% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
NANJING CHIXIA DEVELOPMENT CO., LTD. is a China-based company principally engaged in the development, operation, leasing, sales and property management of residential properties. The Company's main property projects include Yujing Bay Garden, Happy City, Yangshan Lake Garden and the Living Bank in Nanjing, as well as Qi Garden in Wuxi. The Company conducts its businesses mainly in Nanjing, Suzhou and Wuxi, Jiangsu Province, China.