Beijing United Information Technology Co.,Ltd. Provides Earnings Guidance for the First Nine Months of Fiscal 2019
October 13, 2019
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Beijing United Information Technology Co.,Ltd. provided earnings guidance for the first nine months of fiscal 2019. The company predicts that the net profit belonging to shareholders of the company will be between RMB 95,300,000 and RMB 99,300,000 in the 1st three quarters of 2019, with an increase of between RMB 34,063,500 and RMB 38,063,500 and an increase of between 55.63% and 62.16% 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 92,500,000 and RMB 96,500,000 with an increase of between RMB 31,315,300 and RMB 35,315,300 and an increase of between 51.18% and 57.72% compared with the same period of the year before.
Beijing United Information Technology Co Ltd is a China-based company principally engaged in the business-to-business (B2B) e-commerce and industrial Internet platform business. The Company operates four segments. The Online Commodity Trading segment is mainly engaged in raw material industrial e-commerce business and provides software as a service (SaaS) such as cloud enterprise resource planning (ERP), electronic contracts, online payment, smart logistics, digital factory, and industrial Internet. The Business Information Services segment mainly provides business information, marketing and promotion services, exhibitions, industry information and data products, and advertising services. The Internet Technology Services segment mainly provides digital cloud application services and digital supply chain, digital factory and industrial Internet platform services. The Company also operates Other segment.