Xianhe Co.,Ltd. Provides Earnings Guidance for Third Quarter Of 2020
October 12, 2020
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Xianhe Co.,Ltd. provided earnings guidance for the third quarter of 2020. For the period, the net profit belonging to shareholders of the company will be between RMB4 90,000,000 and RMB 505,000,000, with an increase of between RMB 221,909,400 and RMB 236,909,400, or an increase rate of between 82.77% and 88.37% compared with the same period of the year before. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will be between RMB 442,000,000 and RMB457,000,000, with an increase of between RMB 182,404,900 and RMB 197,404,900, or an increase rate of between 70.27% and 76.04% compared with the same period of the year before.
Xianhe Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of specialty papers. The Company's main products include paper used in tobacco industry, paper used in home decorating, paper used in business communications and anti-counterfeiting, paper used in food and medical packaging, paper used in labels, electrical and industrial paper, paper used in thermal transfer, low quantitative publishing printing paper and others. The Company mainly distributes its products within domestic market.