ST Liuzhou Chemical Industry Co., Ltd. Provides Earnings Guidance for the Year of 2018
January 29, 2019
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ST Liuzhou Chemical Industry Co., Ltd. provided earnings guidance for the year of 2018. For the year, the Company predicts an increase of about RMB 351 million in its net profit owned by shareholders of the listed company in 2018 compared with the same period of the year before, with a year-on-year increase of about 570.27%. The company's performance has been significantly increased, mainly due to extraordinary profit of debt forgiveness gains of judicial reorganization, involving an amount of about RMB 1.222 billion. After excluding this extraordinary profit, the net loss belonging to shareholders of the listed company after excluding extraordinary profit will be about RMB 809 million.
Liuzhou Chemical Industry Co., LTD is a China-based company principally engaged in the manufacture and sales of chemical fertilizers and chemical products. The Company's main products include ammonium nitrate, urea, 50% hydrogen peroxide, liquid ammonia and others. The Company also provides packing materials. The Company's products are applied in industrial refrigeration, air conditioning, food refrigeration and other fields. The Company mainly conducts its businesses within domestic markets, within Guangxi province as its main market.