Chengdu B-ray Media Co.,Ltd. Provides Earnings Guidance for the Year 2017
January 29, 2018
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Chengdu B-ray Media Co.,Ltd. provided earnings guidance for the year 2017. The company predicts a year-on-year decrease of between RMB 18 million and RMB 30 million in its net profit owned by shareholders of the listed company in 2017, a year-on-year decrease of between 30% and 50% compared with the net profit of RMB 60.14 million at the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 35.21 million and RMB 47.21 million, a year-on-year decrease between 137% and 184% compared with the net loss of RMB 25.66 million at the same period of the year before.
Chengdu B-ray Media Co.,Ltd. is mainly engaged in traditional media business, outdoor advertising business, new media business and financial business. Traditional media business includes printing, issuing and delivery, newspaper advertising and related business. Outdoor advertising business includes various types of outdoor advertising, such as city surrounding highway advertising, square advertising and bus stop advertising boards, as well as agent advertising business. New media business includes the development and operation of online games. Financial business includes small loan and guarantee financing services. The Company also involves in the provision of education, property rental and management and other services through its subsidiaries.