Jiangsu Lugang Culture Co., Ltd. Provides Earnings Guidance for First Quarter of 2018
April 03, 2018
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Jiangsu Lugang Culture Co., Ltd. provided earnings guidance for first quarter of 2018. For the period, company expects net profit belonging to shareholders of listed company will be between RMB 20.90 million and RMB 22.70 million with an increase of between RMB 11.81 million and RMB 13.62 million, an increase of between 130% and 150% compared with the same period of the year before. Net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 17.92 million and RMB 19.72 million with an increase of between RMB 12.73 million and RMB 14.53 million, an increase of between 245% and 280% 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 
