Zhejiang Longsheng Group Co., Ltd. Provides Earnings Guidance for the First Quarter of 2018
April 08, 2018
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Zhejiang Longsheng Group Co., Ltd. provided earnings guidance for the first quarter of 2018. According to preliminary statistics of its financial department, the company predicts an increase of between RMB 500 million and RMB 650 million in the net profit belonging to shareholders of listed company in the first quarter of 2018, with an increase of between 100% and 130% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations). The net profit belonging to shareholders of the listed company in the first quarter of 2018 after excluding extraordinary profit and loss will increase by between RMB 250 million and RMB 300 million, with an increase of between 50% and 60% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).
Zhejiang Longsheng Group Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of dye products. The Company's product portfolio consists of specialty chemical products and basic chemicals, including dye, addition agents, chemical intermediates, water reducing agents, as well as inorganic products and others. In addition, the Company is also engaged in the real estate business, as well as the provision of auto parts and development solutions. The Company distributes its products within domestic market and to overseas markets.