Hubei Xingfa Chemicals Group Co., Ltd. Announces Earnings Guidance for the First Half of 2018
July 09, 2018
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Hubei Xingfa Chemicals Group Co., Ltd. announced earnings guidance for the first half of 2018. For the period, the company predicts that the net profit belonging to shareholders of the listed company in the 1st half of 2018 will increase by between RMB 70.36 million and RMB 90.36 million with an increase of between 64.18% and 82.42% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 97.87 million and RMB 117.87 million with an increase of between 96.78% and 116.56% compared with the same period of the year before.
Hubei Xingfa Chemicals Group Co., Ltd. is a China-based company principally engaged in the production and sales of phosphorus chemical products. The Company's primary products include phosphate ores, yellow phosphorus, phosphoric acid, industrial grade and food grade sodium tripolyphosphate, industrial and food grade sodium hexametaphosphate, monoammonium phosphate, diammonium phosphate, glyphosate, organosilicone, Chlor-alkali and others. The Company is also engaged in the trading of related chemical products through its subsidiaries. The Company mainly distributes its products in domestic and overseas markets.