Xianhe Co. Ltd. Provides Earnings Guidance for the Year 2019
January 15, 2020
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Xianhe Co. Ltd. provided earnings guidance for the year 2019. For the year, according to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 410 million and RMB 450 million with an increase of between RMB 117.59 million and RMB 157.59 million and an increase of between 40.21% and 53.89% 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 be between RMB 390 million and RMB 430 million with an increase of between RMB 122.59 million and RMB 162.59 million and an increase of between 45.84% and 60.80% 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.