Shanghai New World Co., Ltd Announces Earnings Guidance for 2019
January 20, 2020
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Shanghai New World Co. Ltd. announced earnings guidance for 2019. According to preliminary statistics of its financial department, the Company predicts the net profit belonging to shareholders of the listed company in 2019 will be between RMB 55 million and RMB 14 million, with a decrease of between RMB 218 million and RMB 260 million compared with the same period of the year before and with a year-on-year decrease of between 80% and 95%. The net loss belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2019 will be between RMB 0 and RMB 36 million, with a decrease of between RMB 233 million and RMB 268 million and a decrease of between 100% and 115% compared with the same period of the year before.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
