Tongkun Group Co., Ltd. Provides Earnings Guidance for the Fiscal 2019
January 14, 2020
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Tongkun Group Co., Ltd. provided earnings guidance for the fiscal 2019. For the period, the company expected the net profit belonging to shareholders of the listed company in 2019 will be between RMB 2.8 billion and RMB 3 billion, with an increase of between RMB 679,745,400 and RMB 879,745,400 compared with RMB 2,120,254,600 in the same period of the year before and with a year-on-year increase of between 32% and 41%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 2.68 billion and RMB 2.93 billion, with an increase by between RMB 611,277,700 and RMB 861,277,700 compared with the same period of the year before, and a year-on-year increase of between 29% and 42%.
Tongkun Group Co Ltd is a China-based company principally engaged in the research, development, manufacture and distribution of civil-used polyester filaments. The Company primarily provides pre-oriented yarns (POYs), draw textured yarns (DTYs), full draw yarns (FDYs), polyethylene terephthalate (PET) chips, spinning oil, among others. The Company's products are applied primarily in the manufacturing of apparels and household textile products. The Company distributes its products in domestic and overseas markets.
TONGKUN GROUP CO., LTD. 
