Yangmei Chemical Co., Ltd. Provides Earnings Guidance for 2019
January 23, 2020 at 10:39 am
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Yangmei Chemical Co. Ltd. provided earnings guidance for 2019. According to preliminary statistics of its financial department, the Company predicts a loss in its the net profit belonging to shareholders of the listed company in 2019 compared with the same period of the year before, with the net profit belonging to shareholders of the listed company to be between negative RMB 445,900,000 and negative RMB 539,000,000 (based on the disclosed statistics according to relevant regulations). The net loss belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB-598,000,000 and RMB-691,100,000.
Yangmei Chemical Co., Ltd. is a China based company principally engaged in the research, development, production and sales of coal chemical products and chemical equipments. The company's main products include urea, methanol, liquid ammonia, polyvinyl chloride, caustic soda, n-butanol, octanol, compound fertilizers, phosphorus trichloride, crude glycol, ammonium nitrate, calcium ammonium nitrate, melamine, hydrogen peroxide, ammonium bicarbonate, cyclohexylamine, dinaphthol and ammonium chloride. The Company's products are mainly used for agricultural fertilizers and chemical raw materials. The Company distributes its products in the domestic market and to overseas markets.