Zhejiang Rongsheng Environmental Protection Paper Co.,LTD Provides Earnings Guidance for the Year 2017
January 29, 2018
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Zhejiang Rongsheng Environmental Protection Paper Co.,LTD provided earnings guidance for the year 2017. According to preliminary statistics of its financial department, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will increase by between RMB 265,253,500 and RMB 275,253,500, with an increase of between 216.10% and 224.25% compared with the same period of the year before (before restatement). The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 252,701,900 and RMB 262,701,900, with an increase of between 210.19% and 218.51% compared with the same period of the year before. As the merger took place among enterprises under the same control, the purchase of Pinghu Delisheng Environmental Protection Science and Technology Co. Ltd. in 2017 requires retrospective restatement of the comparative financial statements in the year before, with an increase of between RMB 258,928,400 and RMB 268,928,400 in the net profit belonging to shareholders of the listed company in 2017 compared with the same period of the year before (after restatement) and between 200.61% and 208.36% compared with the same period of the year before.
Zhejiang Rongsheng Environmental Protection Paper Joint Stock Co Ltd is a China-based company mainly engaged in the production of recycled packaging paper. The Company's main business is the production of recycled packaging paper, integrating waste paper recycling, combined heat and power generation, recycled environmentally friendly paper production, and cardboard manufacturing. The Company's main products include corrugated base paper, kraft board, high-density paperboard, corrugated board and steam. The Company mainly operates its businesses in the domestic market.