Yunnan Yuntianhua Co., Ltd. Provides Earnings Guidance for the First Quarter of 2018; Reports Restated Earnings Results for the First Quarter of 2017
April 08, 2018
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Yunnan Yuntianhua Co., Ltd. provided earnings guidance for the first quarter of 2018. For the period, the company predicts that the net profit belonging to shareholders of the company will be about RMB 51 million, with an increase of RMB 34.74 million and an increase of about 214% 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 about RMB 30 million, with an increase of about RMB 50.86 million compared with the same period of the year before.
The company also announced that in September 2017, the company purchased the company Yunnan Tianning Mining Co., Ltd. under the same control. The company conducted restatement to the first quarter data of 2017 according to the Enterprise Accounting Principles. After restatement, the net profit belonging to shareholders of the company in the first quarter of 2017 is RMB 30.12 million. The restated net profit belonging to shareholders of the company after excluding extraordinary profit and loss is equal to the one before restatement. The net profit belonging to shareholders of the company will increase by about RMB 20.88 million, with an increase of about 69% compared with the same period of the year before (after restatement).
YUNNANYUNTIANHUACO.,LTD is a China-based company principally engaged in manufacture and distribution of chemical fertilizers and chemical materials and products. The Company operates its businesses through Chemical Fertilizer segment, Phosphate Mining and Dressing segment, Engineering Material segment and Commerce Trading and Logistic segment. Chemical Fertilizer segment produces various chemical fertilizer products, including monoammonium phosphate, diammonium phosphate, urea and composite fertilizer, among others. Phosphate Mining and Dressing segment operates through the mining and dressing of phosphate, as well as the distribution of phosphate products. Engineering Material segment mainly provides polyformaldehyde and lithium battery separators. Commerce Trading and Logistic segment mainly involves in the trading and logistics services of chemical fertilizer, fertilizer raw materials and produce.