Zhejiang Xcc Group Co.,Ltd Provides Earnings Guidance for the Year 2019
January 20, 2020
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Zhejiang XCC Group Co.,Ltd provided earnings guidance for the year 2019. The Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be between RMB 103,000,000 and RMB 118,000,000 with an increase of between RMB 730,000 and RMB 15,730,000 and an increase of between 0.71% and 15.38% compared with the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be between RMB 91,000,000 and RMB 102,000,000, with an increase of between RMB 5,740,000 and RMB 5,260,000 compared with the same period of the year before and with a year-on-year increase of between -5.93% and 5.44% (based on the disclosed statistics according to relevant regulations).
Zhejiang XCC Group Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of bearing rings and finished bearings. Its bearing ring products include automobile bearing rings and non-automobile bearing rings. Its finished bearing products include precision automobile bearings, precision motor bearings and other bearings. The Company is also involved in the production of precision steel pipes. Its products are mainly applied in automobiles, motors, mechanized equipment and others. The Company distributes its products within domestic market and to overseas markets, including The Republic of Korea, Brazil, Europe and America, among others.
ZHEJIANG XCC GROUP CO.,LTD 
