Liaoning Fu-An Heavy Industry Co.,Ltd Provides Earnings Guidance for the Year 2019
January 29, 2020
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Liaoning Fu-An Heavy Industry Co.,Ltd provided earnings guidance for the year 2019. According to preliminary statistics of its financial department, the Company predicts an increase of between RMB 100,620,000 and RMB 106,620,000 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year increase of between 1,073% and 1,135% (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 53,050,000 and RMB 59,050,000, a year-on-year increase of between 2,710% and 3,017%.
Liaoning Fu-An Heavy Industry Co., Ltd. is a provider of heavy steel castings. The Company's products contain thermal power equipment castings, including outer cylinder, valve body, gas turbine exhaust cylinder; hydroelectric equipment castings, including runner hub, vane, ball valve; other power generation assembly and other castings. Its products are widely used in the industry of energy, transportation, shipping, rolling machinery, mining, coal machinery and others.