Jiangsu Lugang Culture Co., Ltd. Announces Earnings Guidance for the Year 2017
January 29, 2018
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Jiangsu Lugang Culture Co., Ltd. announced earnings guidance for the year 2017. For the period, the company predicts that the net profit belonging to shareholders of the listed company in 2017 will be between RMB 241.18 million and RMB 277.18 million, with an increase of between RMB 62.5 million and RMB 98.5 million and between 35% and 55% 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 235.5 million and RMB 269 million, with an increase of between RMB 67.46 million and RMB 100.96 million and between 40% and 60% compared with the same period of the year before.
Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd, is principally engaged in the manufacture and distribution of knitted woolen yarns and worsted woolen fabrics. The Company primarily provides worsted yarns, semi-worsted yarns and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits and others. The Company is also engaged in the production and distribution of traditional television (TV) series, the investment and distribution of movies, as well as the development, production and distribution of new media products such as network dramas. Through its subsidiaries, the Company also engages in hotel business. The Company conducts its businesses in domestic and overseas markets.
ZHEWEN PICTURES GROUP CO.,LTD 
