Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd. Provides Earnings Guidance for the Year 2018
January 24, 2019
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Liaoning Wellhope Agri-Tech Joint Stock Co., Ltd. provided earnings guidance for the year 2018. According to preliminary statistics of its financial department, the Company predicts an increase of between RMB 70.65 million and RMB 94.2 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 between 15% and 20%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss in 2018 will increase by between RMB 140.26 million and RMB 159.74 million compared with the same period of the year before, with a year-on-year increase of between 36% and 41%.
Wellhope Foods Co Ltd is a China-based company primarily engaged in the production and sales of feed. The Company is mainly engaged in three businesses. The feed and feed raw material trading business is mainly engaged in the production and sales of pig feed, poultry feed, ruminant feed and other feed, as well as bulk feed raw materials such as fish meal, soybean meal, corn by-products, and feed additive products such as amino acids, antioxidants, antifungal agents, and vitamins. The meat and poultry business is mainly engaged in broiler breeder chicken breeding, hatching, feed production, commercial broiler chicken breeding, broiler slaughtering and processing, as well as deep processing of prepared products and cooked food. The pig business is mainly engaged in breeding and sales of breeding pigs, sales of commercial piglets, free-range fattening pigs and a small amount of self-raising, and pig slaughtering. The Company mainly conducts its businesses in the domestic market.
WELLHOPE FOODS CO., LTD. 
