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    2337   KYG9354A1031

UNITED STRENGTH POWER HOLDINGS LIMITED

(2337)
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United Strength Power Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2021

08/03/2021 | 04:32am EST

United Strength Power Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2021. For the six months, the Group is expected to record a net profit of not less than RMB 100 million, which represented a growth of not less than approximately 100% as compared to that for the corresponding period in 2020 (the first half of 2020: RMB 48 million (as restated ­ Note)). Based on information currently available to the Board, the Board considers that the expected increase in net profit is primarily attributable to (i) the increase in the sales volume of the company's wholesale and retail petroleum products as a result of increase in market demand due to the recovery from the COVID-19 pandemic in the People's Republic of China; and (ii) the increase in marketing and promotional efforts by the company.


ę S&P Capital IQ 2021
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Financials
Sales 2020 3 481 M 550 M 550 M
Net income 2020 123 M 19,5 M 19,5 M
Net Debt 2020 466 M 73,6 M 73,6 M
P/E ratio 2020 21,5x
Yield 2020 0,59%
Capitalization 4 171 M 659 M 659 M
EV / Sales 2019 0,38x
EV / Sales 2020 0,95x
Nbr of Employees 1 718
Free-Float -
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Managers and Directors
Jin Min Zhao Chairman & Chief Executive Officer
Wai Kit Lo Chief Financial Officer & Secretary
Xiao Dan Bian Chief Administrative Officer
Dan Su Independent Non-Executive Director
Ying Kit Lau Independent Non-Executive Director
Sector and Competitors