Zoy Home Furnishing Co., Ltd. Provides Earnings Guidance for the Year 2019
January 19, 2020
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Zoy Home Furnishing Co. Ltd. provided earnings guidance for the year 2019. The Company predicts that the net profit belonging to shareholders of the company in 2019 will decrease by RMB 44,713,800 and RMB 53,091,200, with a decrease of between 53.37% and 63.37%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss in 2019 will decrease by between RMB 48,013,300 and RMB 54,881,300 with a decrease of between 70.42% and 80.42% compared with the same period of the year before.
ZOY HOME FURNISHING CO., LTD. is a China-based company which is principally engaged in research and development, design, manufacture and sales of motion sofas. The Companyâs products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs. The Companyâs sales strategy is mainly engaged in the original equipment manufacturer (OEM). The Company distributes its products to both domestic and overseas markets, including the United States, Canada, Britain, Japan, Australia, Ireland and other markets.