Cangzhou Dahua Co., Ltd. Provides Earnings Guidance for the Year 2016
January 18, 2017
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Cangzhou Dahua Co., Ltd. provided earnings guidance for the year 2016. The company will turn losses into gains in its business performance in 2016 compared with the same period of the year before, with the net profit belonging to shareholders of the company to be about RMB 370 million and the net profit belonging to the parent company at the end of 2016 to be positive.
CANGZHOU DAHUA CO., LTD. is a China-based company mainly engaged in the production and sales of chemicals. The Company's primary products include toluene diisocyanate (TDI), urea and ion-exchange membrane caustic soda, among others. The TDI is mainly used in the manufacture of polyurethane foams, elastomers, coatings, adhesives, among others. Urea is mainly used in the agricultural fertilizers, melamine, resins, plastics and pharmaceutical industries. The Company mainly distributes its products in domestic and overseas markets.